Aavas Financiers Limited has informed the Exchange regarding Allotment of 4448 Shares.
AAVAS · price
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Aavas Financiers has allotted 4,448 equity shares of Rs. 10 each to employees who exercised stock options under three schemes: Equity Stock Option Plan 2016-I (1,461 shares), ESOP 2019 (2,600 shares), and Performance Stock Option Plan 2023 (387 shares). As a result, the company's paid-up equity capital has risen marginally from Rs. 79.16 crore to Rs. 79.16 crore, with total shares increasing from 7,91,56,905 to 7,91,61,353. Separately, the Nomination and Remuneration Committee has granted 23,637 new stock options under PSOP-2023 to eligible employees, vesting equally over four years. The allotted shares will rank equally with existing shares and will be listed shortly.
This is a routine ESOP-related disclosure with a very small dilution impact (about 0.0006% increase in share count). No material effect on shareholders or stock price is expected. The new grant of 23,637 stock options signals ongoing employee incentivization but is modest relative to the total share base.