Arvind SmartSpaces Limited has informed the Exchange regarding allotment of 85000 securities pursuant to ESOP/ESPS at its meeting held on May 20, 2025
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Arvind SmartSpaces Limited allotted 85,000 equity shares of face value Rs. 10 each to eligible employees on May 20, 2025. These shares were issued upon the exercise of stock options vested under the company's Employee Stock Option Plan 2016 (ASL ESOP 2016). The allotment was confirmed in a board meeting held on the same date, and the disclosure was filed with both BSE and NSE on May 21, 2025. The new shares will be listed on the exchanges following this allotment. This is a routine event tied to the company's employee incentive programme.
Minor dilution of existing shareholders due to the small size of the allotment (85,000 shares). No material impact on stock price expected as this is a standard ESOP exercise.