CG Power and Industrial Solutions Limited has informed the Exchange regarding allotment of 7000 securities pursuant to ESOP/ESPS at its meeting held on July 11, 2025
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CG Power and Industrial Solutions has allotted 7,000 equity shares under its Employee Stock Option Plan 2021 on July 11, 2025. The shares have a face value of Rs. 2 each and were issued at an exercise price of Rs. 400.45 per share to eligible employees upon exercising their stock options. As a result, the company's paid-up equity share capital has increased marginally from Rs. 3,14,90,66,858 to Rs. 3,14,90,80,858, taking the total number of equity shares to 1,57,45,40,429. The newly allotted shares will rank equally with existing equity shares in all respects.
This is a routine ESOP allotment with a very small number of shares (7,000), so the impact on shareholding and stock price is negligible. It reflects normal employee compensation activity and a slight dilution of equity base.