ARMANFIN: Arman Financial Services Limited has informed the Exchange regarding Allotment of 1000 Equity Shares under ESOP 2016 and 840 Equity Shares under ESOP Plan 2023.
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Arman Financial Services Limited has allotted 1,840 equity shares of face value ₹10 each under two ESOP plans. Under ESOP 2016, 1,000 shares were allotted to employees of the subsidiary company, and under ESOP 2023, 840 shares were allotted to eligible employees of the company. No shares were allotted to directors. Following this allotment, the company's equity share capital increased to 1,05,14,761 shares aggregating to Rs. 10,51,47,610. The new shares will rank pari passu with existing equity shares.
This is a routine corporate action with minimal impact on the stock price, as the dilution from 1,840 shares is negligible relative to the total share capital of over 1 crore shares. It reflects the company's ongoing employee retention efforts through equity compensation.