Allotment of Equity Shares on exercise of Stock options pursuant to Employee Stock Option Scheme
Awaiting price reaction for this filing.
J.B. Chemicals & Pharmaceuticals has allotted 75,180 fully paid-up equity shares of Re. 1 each to certain employees who exercised their stock options under the JBCPL Employee Stock Option Scheme, 2021. The company realised Rs. 2.80 crore (Rs. 2,80,04,550) from this exercise. As a result, the total paid-up equity share capital has risen from 15,57,85,364 shares to 15,58,60,544 shares. The allotment was approved by the Compensation Committee at its meeting held on May 25, 2025.
This is a routine ESOP allotment that causes minor dilution (about 0.05% increase in share count). No material impact on shareholders or stock price is expected as the shares were issued at the pre-decided exercise price to employees.