CARERATING · price
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CARE Ratings' Nomination and Remuneration Committee approved the allotment of 300 equity shares to employees who exercised their options under the CARE Employee Stock Option Scheme 2020. Following this allotment, the company's paid-up share capital increased marginally from Rs. 30,04,88,630 to Rs. 30,04,91,630, reflecting an increase of just Rs. 3,000. Separately, the NRC also granted 18,000 stock options to eligible employees at an exercise price of Rs. 1,590 per share. The options vest over three years in equal tranches (1/3rd each year), and once vested, employees have a 2-year window to exercise them. This is a routine ESOP-related disclosure and has minimal impact on the company's financial structure or shareholder value.
The dilution from both the exercise and new grant is negligible (300 + 18,000 shares against ~3 crore existing shares). No direct impact on stock price expected; the filing is primarily an administrative disclosure for transparency.