Coromandel International Limited has informed the Exchange regarding allotment of 83160 securities pursuant to ESOP/ESPS at its meeting held on August 20, 2025
COROMANDEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Coromandel International's Stakeholders Relationship Committee approved the allotment of 83,160 equity shares of Re. 1 each to employees under the company's ESOP Scheme 2016 on August 20, 2025. The newly issued shares will rank equally with existing equity shares. Following this allotment, the company's total share capital rises from Rs. 29,48,37,949 (29,48,37,949 shares) to Rs. 29,49,21,109 (29,49,21,109 shares). This represents a minor increase of around 0.003% in the total share count. The disclosure was made under SEBI Listing Regulations.
This is a routine employee stock option allotment with negligible dilution for existing shareholders. No material impact on stock price is expected as the size of the issuance is very small relative to the company's share base.