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of <h1>Explanatory statement for sweat equity issuance must detail shares, valuation, recipient info, impact, and comply with standards.</h1> The explanatory statement for approving the issuance of sweat equity must include specific details: the total number of shares to be issued, the current market price, the valuation of intellectual property or value addition provided by the recipient, and the names and relationships of the recipients to the company. It should also specify the consideration for the sweat equity, the issuance price, any impact on managerial remuneration, and confirm adherence to accounting policies. Additionally, it must include the diluted earnings per share calculation in line with government-specified accounting standards.
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