Aether Industries Limited has informed the Exchange about General Updates
AETHER · price
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Aether Industries has allotted 29,075 equity shares to eligible employees under its Employee Stock Option Scheme 2021 (ESOS 2021). The shares have a face value of Rs. 10 each and were issued at an exercise price of Rs. 885 per share, generating approximately Rs. 25.73 crore in proceeds for the company. Following this allotment, the company's total paid-up capital stands at Rs. 132.71 crore comprising 13,27,08,899 equity shares. The newly allotted shares carry no lock-in restrictions and will rank pari-passu with existing equity shares. This is a routine corporate action related to employee stock compensation.
Minor dilution of approximately 0.22% for existing shareholders. The large exercise price of Rs. 885 indicates the stock has appreciated significantly since the ESOS was granted. No material impact on the stock price expected as this is a routine ESOS exercise.