The Board of Directors of the Company at its meeting held on today i.e. 12th August, 2025 have approved the allotment of 41,587 equity shares of face value of Re. 1/- each to the employees of the Company pursuant to exercise of employees stock appreciation rights under "BCML Employees Stock Appreciation Rights Plan 2023"
BALRAMCHIN · price
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Balrampur Chini Mills has allotted 41,587 equity shares (face value ₹1) to its employees who exercised their Employee Stock Appreciation Rights (ESARs) under the company's 2023 ESAR Plan. The exercise price was ₹386.60 per share, and the allotment was approved by the Board on 12th August 2025. After this issue, the total number of issued shares stands at 20,19,43,958, meaning the dilution is very small at roughly 0.02% of the existing share base. The new shares rank equally with existing shares, carry no lock-in restrictions, and are listed on both BSE and NSE.
Minimal dilution for existing shareholders due to the tiny size of the allotment. Employee participation in the ESAR plan suggests alignment of staff interests with shareholders, which is mildly positive from a governance standpoint.