Coromandel International Limited has informed the Exchange regarding allotment of 19230 securities pursuant to ESOP/ESPS at its meeting held on February 24, 2026
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Coromandel International's Stakeholders Relationship Committee approved the allotment of 19,230 equity shares of Re. 1 each to employees under the ESOP Scheme 2016 on February 24, 2026. The newly issued shares will rank equally with existing equity shares in all respects. As a result, the company's total share capital rises from Rs. 29,49,95,409 (29,49,95,409 shares) to Rs. 29,50,14,639 (29,50,14,639 shares). The increase is very small relative to the total share base, representing negligible dilution.
This is a routine ESOP allotment with marginal equity dilution and no material effect on share price. It reflects normal employee compensation activity and ongoing alignment of employees with shareholders.