Allotment of ESOPs under Advait Infratech Limited Employee Stock Option Scheme - 2022
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Advait Energy Transitions Ltd has allotted 184 equity shares to its employees under the Advait Infratech Limited Employee Stock Option Scheme 2022. The shares were issued at Rs. 10 per share, which is the face value, resulting in Rs. 1,840 being realized from the exercise. With this allotment, the total paid-up equity share capital has risen to Rs. 10,93,69,610, comprising 1,09,36,961 equity shares of Rs. 10 each. The ESOP Scheme 2022 covers a total of 2,00,000 equity shares, of which 409 shares have lapsed so far. The newly allotted shares will rank equally with existing shares.
This is a very small, routine ESOP allotment with negligible dilution (184 shares out of over 1 crore). Shareholders should see no meaningful impact on share value or company prospects from this disclosure.