Allotment of equity shares pursuant to exercise of stock options under the Company''s Employee Stock Option Scheme.
Awaiting price reaction for this filing.
Welspun Corp Limited has allotted 8,72,500 equity shares of Rs. 5 each on 1st April 2025 to employees who exercised their stock options under the Company's Employee Stock Option Plan 2005. The newly issued shares will carry equal rights as existing equity shares. Following this allotment, the company's paid-up equity share capital has risen from Rs. 131.17 crore (26,23,49,395 shares) to Rs. 131.61 crore (26,32,21,895 shares). The disclosure was made to BSE and NSE under SEBI Listing Regulations.
This is a routine ESOP allotment with a minor dilution of about 0.33% in share count. It is unlikely to have any material impact on the stock price but reflects employee participation in the company's stock option programme.