Allotment of ESOPs under Advait Infratech Limited Employee Stock Option Scheme - 2022
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Advait Energy Transitions Ltd (BSE: 543230) has allotted 420 equity shares of face value Rs. 10 each to employees who exercised stock options under the Advait Infratech Limited Employees Stock Option Scheme 2022. The exercise price was set at Rs. 10 per share (face value), with the company realizing Rs. 4,200 in total. After this allotment, the total issued and paid-up equity share capital stands at Rs. 10,93,73,810, comprising 1,09,37,381 equity shares. The ESOP Scheme 2022 covers 2,00,000 equity shares in total, and these newly allotted shares rank pari-passu with existing shares.
This is a routine, small-scale ESOP allotment with no material impact on share price or shareholder value. Dilution is negligible at 0.004% of total share capital, so existing shareholders are essentially unaffected.