AXISCADES Technologies Limited has informed the Exchange regarding allotment of 13600 securities pursuant to ESOP/ESPS
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AXISCADES Technologies Limited has allotted 13,600 equity shares of Rs. 5 each to 2 eligible employees under the ESOP 2018 – Series 2 scheme. The shares were issued at an exercise price of Rs. 52.65 per share with a premium of Rs. 47.65 per share. Following this allotment, the company's paid-up share capital has increased from Rs. 21.26 crore to Rs. 21.27 crore, and total equity shares stand at 4,25,30,989. The shares will rank pari-passu with existing equity shares and are not subject to any lock-in. This is a routine employee stock option exercise under SEBI regulations.
This is a routine compliance filing with minimal direct impact on the stock price. The dilution from 13,600 shares is negligible at approximately 0.003% of total shares. Existing shareholders may see marginal EPS dilution, but the effect is immaterial.