CREDITACCESS GRAMEEN LIMITED has informed the Exchange regarding allotment of 19956 securities pursuant to ESOP/ESPS at its meeting held on May 13, 2026
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CreditAccess Grameen Limited allotted 19,956 equity shares of ₹10 each to 4 employees who exercised their stock options under the CAGL Employees Stock Option Plan - 2011. Of the total, 15,000 shares (75%) were allotted to Mr. Ganesh Narayanan, Managing Director & CEO. The remaining 4,956 shares were issued to 3 other employees. The newly allotted shares will rank pari-passu with existing equity shares in all respects.
The dilution is minimal at approximately 19,956 shares against the total equity base. The heavy concentration of options exercised by the CEO indicates strong alignment of management interests with shareholders. This is a routine corporate action with negligible impact on stock price.