Bajaj Electricals Limited has informed the Exchange regarding Allotment of 2,273 equity shares of Rs.2 each on exercise of options by eligible employees
BAJAJELEC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Bajaj Electricals has allotted 2,273 equity shares of Rs. 2 each to 5 employees who exercised stock options under the company's Performance Stock Option Plan 2023 (PSOP 2023). The grant price was Rs. 2 per share, same as face value, meaning employees paid no premium. After this allotment, the company's total issued and paid-up share capital stands at 11,53,90,713 equity shares amounting to Rs. 23,07,81,426. The new shares carry no lock-in and rank equally with existing shares.
This is a routine ESOP allotment with a very small dilution impact (2,273 shares out of over 11.53 crore total shares, roughly 0.0002%). No meaningful effect on share price or shareholder value is expected.