Balaji Telefilms Limited has informed the Exchange regarding Allotment of 90450 Shares upon exercising stock options.
BALAJITELE · price
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Balaji Telefilms Limited's Nomination and Remuneration Committee approved the allotment of 90,450 equity shares (face value Rs. 2/- each) to eligible employees who exercised their stock options under the ESOP Scheme, 2023. The exercise price was Rs. 55.28 per share with a premium of Rs. 53.28 per share. Post-allotment, the company's paid-up equity share capital increased from Rs. 24,36,23,682 to Rs. 24,38,04,582, with total shares rising from 12,18,11,841 to 12,19,02,291. The newly allotted shares rank pari-passu with existing shares. This is a routine ESOP exercise and does not involve any fresh capital raise for the company as the options were granted previously in November 2023.
The dilution from this ESOP exercise is minimal at less than 0.08% (90,450 shares out of ~122 million). There is no direct impact on the stock price from this announcement as it is a routine employee benefit exercise. Shareholders may see negligible EPS dilution as employee options convert to equity.