CARE Ratings Limited has informed the Exchange regarding Allotment of 300 Shares.
CARERATING · price
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CARE Ratings has allotted 300 equity shares to employees who exercised their options under the CARE Employee Stock Option Scheme 2020. The paid-up capital increased marginally from Rs. 30.05 crore to Rs. 30.05 crore as a result. Additionally, the Nomination and Remuneration Committee approved a fresh grant of 18,000 stock options to eligible employees at an exercise price of Rs. 1,590 per share. The vesting schedule is over three years (one-third each year), with a two-year exercise period from the date of vesting. The ESOP scheme complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
The allotment is a routine equity dilution of just 300 shares, which is minimal and unlikely to materially impact the stock price. The fresh grant of 18,000 options represents potential future dilution but is spread over multiple vesting years.