BLACKBUCK LIMITED has informed the Exchange regarding of 99793 Options.
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BlackBuck Limited has allotted 99,793 equity shares (face value Rs. 1 each) to employees who exercised stock options under ESOP 2016 (18,596 shares) and ESOP 2019 (81,197 shares). The company's paid-up capital increased from Rs. 18,17,96,612 to Rs. 18,18,96,405. Additionally, the Nomination and Remuneration Committee approved a fresh grant of 66,667 stock options under ESOP 2019 to eligible employees, with a vesting schedule of 25% over 4 years and exercise price of Rs. 1 per share. The newly allotted shares rank pari-passu with existing shares and carry no lock-in restrictions.
This represents standard ESOP-related dilution for existing shareholders, with the new share issuance marginally increasing the equity base. The new option grants align employee interests with shareholders but will result in further dilution upon exercise over the vesting period.