Carborundum Universal Limited has informed the Exchange regarding Allotment of 27936 equity Shares.
CARBORUNIV · price
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Carborundum Universal Limited has allotted 27,936 equity shares of Re.1 each under the company's ESOP Plan 2016 on 13th March 2026. These shares were issued upon exercise of stock options by employees/option grantees. After this allotment, the total number of equity shares outstanding stands at 19,04,92,502 with a paid-up equity share capital of Rs. 19,04,92,502. This is a routine disclosure regarding employee stock option exercises.
This is a very small dilution (27,936 shares against ~19 crore total shares), so there is negligible impact on existing shareholders or the stock price. The allotment is part of an ongoing ESOP scheme and is a standard corporate action.