Allotment of 50,250 equity Shares, pursuant to exercise of Employee Stock option plan under Atishay Limited -Employee Stock Option Plan, 2020 ("AI-ESOP 2020").
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Atishay Ltd has allotted 50,250 equity shares to eligible employees who exercised their stock options under the Atishay Limited Employee Stock Option Plan 2020 (AL-ESOP 2020). The shares were issued at face value of Rs. 10 each, with no premium, generating Rs. 5,02,500 for the company. After this allotment, the total issued and paid-up equity share capital stands at Rs. 11,03,15,830 divided into 1,10,31,583 equity shares. The new shares will rank equally with existing shares. Of the original 2,50,500 options granted in January 2024, 1,87,000 options have vested, 50,250 have been exercised, and 35,000 have lapsed.
This is a routine ESOP allotment with minor dilution (about 0.46% increase in share count). It is unlikely to materially impact the stock price, as the shares were issued at face value to employees, not to the market.