Amber Enterprises India Limited has informed the Exchange that pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we are informing you that the Company has allotted 19,625 Equity Shares of face value of Rs. 10/- each to the eligible employees of the Company and its subsidiaries under Amber ESOP Plan 2017.
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Amber Enterprises has allotted 19,625 equity shares (face value Rs. 10 each) to eligible employees and those of its subsidiaries upon exercise of options under the Amber ESOP 2017 plan. This increases the total paid-up equity share capital from 3,51,72,042 shares to 3,51,91,667 shares, a marginal dilution of about 0.056%. Exercise prices were Rs. 2,400 per share (for options granted on 19 April 2021) and Rs. 2,879.45 per share (for options granted on 13 May 2022). The newly issued shares will rank pari-passu with existing equity shares and there is no lock-in period applicable.
This is a routine ESOP allotment with negligible dilution, so it is unlikely to have any meaningful impact on the stock price. It signals that the company is actively compensating and retaining employees through stock-based incentives.