Allotment of 14,02,500 equity shares against exercise of vested options under A2Z Employee Stock Option Plan, 2013, A2Z Employee Stock Option Plan, 2014 and A2Z Employee Stock Option Plan, 2018
A2ZINFRA · price
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A2Z Infra Engineering has allotted 14,02,500 equity shares of Rs. 10 each to eligible employees and directors upon exercise of vested stock options. The shares were issued under three ESOP schemes — 65,000 under ESOP 2013, 4,22,500 under ESOP 2014, and 9,15,000 under ESOP 2018. The exercise price is exactly the face value of Rs. 10 per share, and the company received INR 1,40,25,000 (approximately Rs. 1.4 crore) from this exercise. Following the allotment, the company's paid-up share capital increased from Rs. 176.12 crore to Rs. 177.52 crore. The newly allotted shares rank pari-passu with existing equity shares.
This is a routine equity dilution from employee stock option exercises. With shares issued at face value, it represents a modest transfer of equity to employees. The total dilution is approximately 0.8% of expanded capital, which is relatively small and should have minimal impact on the stock price.