Credo Brands Marketing Limited has informed the Exchange regarding Allotment of 59600 Shares pursuant to Credo Stock Option Plan 2020.
MUFTI · price
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Credo Brands Marketing Limited (Mufti) has allotted 59,600 equity shares of Rs. 2 each to eligible employees who exercised stock options under the Credo Stock Option Plan 2020. The exercise price was Rs. 31.35 per share (a premium of Rs. 29.35). Following this allotment on 17 June 2025, the company's paid-up equity capital has risen from Rs. 13.06 crore to Rs. 13.07 crore, taking the total issued shares to 65,370,103. The newly issued shares carry no lock-in period and are identical in all respects to the existing equity shares. No additional listing fees are payable as the company remains within the lower slab for listing fee purposes.
This is a routine ESOP allotment and represents minor dilution (less than 0.1% of share capital). It is unlikely to have any material impact on the stock price, though it signals that employees are being incentivized through the stock option plan.