Enclosed the intimation on allotment of 116696 equity shares on exercise of ESOPS.
CHOLAFIN · price
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Cholamandalam Investment and Finance Company (Cholafins) has allotted 116,696 equity shares of Rs.2 each to employees who exercised their stock options under the ESOP scheme. The company's Nomination and Remuneration Committee approved the allotment. The company will now apply for final listing of these newly allotted shares on both NSE and BSE to complete the remaining issue-related formalities. The filing was made on May 27, 2026.
This is a routine corporate action related to employee compensation through ESOPs. The share capital increases marginally by ~117K shares, which has negligible impact on the stock given the large existing share base. No material impact on stock price expected.