Borosil Limited has informed the Exchange regarding Allotment of 16526 Shares.
BOROLTD · price
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Borosil Limited has allotted 16,526 equity shares to employees who exercised their vested stock options under the 'Borosil Limited – Employee Stock Option Scheme 2020'. The shares were issued at exercise prices of Rs. 138.29 (for 13,000 shares) and Rs. 202.50 (for 3,526 shares), both carrying a premium over the Rs. 1 face value. After this allotment, the company's total issued and paid-up share capital has increased to Rs. 11,95,47,611, comprising 11,95,47,611 equity shares. The new shares will rank equally with existing shares in all respects, including dividend rights.
This is a routine ESOP allotment with negligible dilution (16,526 shares added to ~11.95 crore existing shares, or about 0.001%). No material impact on shareholders or stock price is expected.