"Intimation of allotment of Equity Shares upon exercise of vested Options under Ceinsys Employee Stock Incentive Scheme 2024" ("Scheme")
CEINSYS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ceinsys Tech Ltd's Board approved allotment of 4,00,000 equity shares (face value Rs. 10) to Mr. Prashant Kamat, the Whole Time Director, Vice Chairman and CEO, upon exercise of vested stock options under the Ceinsys Employee Stock Incentive Scheme 2024. The exercise price is Rs. 10 per share, equal to face value, meaning no premium was charged. Following this allotment, the company's paid-up equity share capital increased from Rs. 17.44 crore (1,74,41,146 shares) to Rs. 17.84 crore (1,78,41,146 shares), a roughly 2.3% expansion in share count. The newly issued shares will rank equally with existing shares and carry no lock-in period.
This is a minor dilution event for existing shareholders (~2.3% increase in share count), but it's a routine ESOP exercise by the CEO at face value. No negative signal — the shares were already granted under a pre-approved scheme and are being vested and exercised as planned.