Coromandel International Limited has informed the Exchange about General Updates
COROMANDEL · price
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Coromandel International has allotted 2,01,610 equity shares of Re. 1 each to employees under its ESOP Scheme 2016 on May 20, 2025. These shares will rank equally with existing equity shares. As a result, the company's paid-up share capital has risen from Rs. 29.46 crore (29,46,36,339 shares) to Rs. 29.48 crore (29,48,37,949 shares), a marginal increase of about 0.07%. This is a routine disclosure under SEBI listing regulations regarding employee stock option grants.
This is a small, routine ESOP allotment with negligible dilution impact on existing shareholders (less than 0.1% increase in share count). It signals the company is rewarding employees through its stock incentive plan but is unlikely to have any meaningful effect on share price or shareholder value.