Avalon Technologies Limited has informed the Exchange regarding Allotment of 11108 Shares.
AVALON · price
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Awaiting price reaction for this filing.
Avalon Technologies has allotted 11,108 equity shares to employees following the exercise of Employee Stock Options under the 'AVALON - Employee Stock Option Plan 2022'. The exercise price was INR 20 per share. As a result, the company's paid-up equity capital has increased from INR 13,29,69,078 (6,64,84,539 shares) to INR 13,29,91,294 (6,64,95,647 shares) of face value Rs. 2 each. The allotment was approved by the Nomination and Remuneration Committee via circular resolution dated June 05, 2025.
This is a routine, small-scale ESOP allotment with negligible dilution (about 0.017% increase in share count). It is unlikely to have any meaningful impact on the stock price or shareholder value.