Allotment of equity shares under ESOP Plan 2016
CARBORUNIV · price
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Carborundum Universal Ltd has allotted 1,000 equity shares of Rs.1 each to employees who exercised their stock options granted under the ESOP Plan 2016. This is a routine corporate action following the exercise of employee stock options. As a result of this allotment, the total number of outstanding equity shares has increased to 19,04,93,502, with corresponding paid-up equity share capital of Rs.19,04,93,502.
The share issuance is minimal relative to total shares outstanding (1,000 out of ~190 million shares), resulting in negligible dilution for existing shareholders. This is a standard ESOP exercise event and typically has no material impact on the stock price.