Axita Cotton Limited has informed the Exchange regarding allotment of 178200 equity shares pursuant to the ESOP scheme of the Company.
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Axita Cotton Limited has allotted 178,200 equity shares of Rs. 1 each to eligible employees who exercised their stock options under the ESOP 2023 scheme. The allotment was completed on May 28, 2026. Following this, the company's paid-up share capital increased from Rs. 38.25 crore to Rs. 38.27 crore. The total number of equity shares increased from 382,495,333 to 382,673,533. The new shares will rank equally with existing shares in all respects, and the company is in the process of obtaining listing and trading approval for these allotted shares.
This represents a minor dilution of approximately 0.05% for existing shareholders. The ESOP allotment is a routine corporate action and reflects the company's use of employee incentive mechanisms. No immediate material impact on the stock is expected.