ALLOTMENT OF EQUITY SHARES UNDER EMPLOYEES STOCK OPTION PLAN
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The Board of Directors of Bondada Engineering Limited, at its meeting held on April 21, 2025, approved the allotment of 2,01,000 fully paid-up equity shares to employees under the 'BEL – Employees Stock Option Plan 2024'. These shares have a face value of Rs. 2 each and were issued at an exercise price of Rs. 2 per share (no premium), with total money realized from the exercise being Rs. 4,02,000. Out of 4,18,000 options originally granted, 2,01,000 have been exercised and 8,000 have lapsed. The newly allotted shares will rank pari-passu with existing equity shares of the company. The company is listed on BSE under scrip code 543971.
This is a routine ESOP allotment that results in a minor dilution of existing shareholders' equity. The impact on share price is negligible as only 2,01,000 shares were issued, and employees paid the full face value. Existing shareholders should note a small uptick in the total share count.