Please find enclosed the disclosure regarding allotment of 20,500 equity shares today i.e. 18th May, 2026 pursuant to the Company''s ESOP Plan 2021.
CGPOWER · price
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CG Power and Industrial Solutions has allotted 20,500 equity shares to eligible employees under its Employee Stock Option Plan 2021. The shares have a face value of Rs. 2 each and were issued at an exercise price of Rs. 595.45 per share. Following this allotment, the company's paid-up equity share capital increased from Rs. 3,14,98,73,498 to Rs. 3,14,99,14,498. The total number of equity shares now stands at 1,57,49,57,249 shares of Rs. 2 each. The newly allotted shares will rank equally with existing equity shares.
The share issuance causes minimal dilution of approximately 0.013%. The high exercise price of Rs. 595.45 indicates employee confidence in the company's value. This is a routine ESOP exercise with negligible impact on shareholders.