Borosil Limited has informed the Exchange regarding Allotment of 3700 Shares.
BOROLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Borosil Limited has allotted 3,700 equity shares (face value Re. 1 each) to employees who exercised their vested stock options under the 'Borosil Limited – Employee Stock Option Scheme 2020'. The exercise price was Rs. 202.5 per share, with a premium of Rs. 201.5 per share. After this allotment, the company's total issued and paid-up equity share capital stands at Rs. 11,95,51,311, comprising 11,95,51,311 equity shares. The new shares will rank pari-passu with existing equity shares and are identical in all respects, including dividend rights. BSE and NSE had already granted in-principle approval for these ESOP allotments back in July 2021.
This is a routine, very small ESOP allotment representing negligible dilution (3,700 shares out of nearly 12 crore total shares). It has no material impact on the stock price or existing shareholders and is simply a standard regulatory disclosure of employees exercising their stock options.