360 ONE WAM LIMITED has informed the Exchange regarding Allotment of 71962 equity shares of face value Re. 1/- each, to the employee(s), upon exercise of stock options under Employee Stock Options Scheme(s) of the Company.
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360 ONE WAM Limited has allotted 71,962 equity shares with a face value of Re. 1 each to its employees. These shares were issued upon the exercise of stock options under the company's Employee Stock Options Scheme (ESOS). This is a routine corporate action carried out as part of the company's employee incentive programme. The number of shares is relatively small compared to the overall share capital of the company. This disclosure has been made to the NSE exchange to maintain regulatory compliance regarding share issuances.
This will result in a minor dilution of existing shareholders' equity, but the impact is negligible given the small size of the allotment relative to total shares. Investors typically view ESOP allotments neutrally as they are part of planned employee compensation.