Zinka Logistics Solutions Limited has informed the Exchange regarding of 184545 Options.
BLACKBUCK · price
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BlackBuck has allotted 1,84,545 equity shares of face value Re. 1 each to its employees after they exercised vested stock options under the ESOP 2016 (1,43,406 shares) and ESOP 2019 (41,139 shares) schemes. The shares were issued at face value with no premium, so the company did not raise any fresh capital from this allotment. As a result, total issued share capital rises from Rs. 17.91 crore to Rs. 17.93 crore. The new shares will rank equally with existing shares and carry no lock-in. This is a routine ESOP exercise, with the dilution being very small relative to the total share base of roughly 17.93 crore shares.
Minor dilution for existing shareholders — the new shares represent about 0.1% of the expanded share capital. Since shares were issued at face value with no cash inflow to the company, there is no direct financial benefit, but employee alignment through stock options is mildly positive for long-term motivation.