Crompton Greaves Consumer Electricals Limited has informed the Exchange regarding allotment of 43750 securities pursuant to ESOP/ESPS at its meeting held on May 13, 2025
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Crompton Greaves Consumer Electricals allotted 43,750 equity shares of face value Rs. 2 each to employees who exercised their stock options under the ESOP 2016 scheme on May 13, 2025. The exercise price was Rs. 265.50 per share, resulting in a premium of Rs. 263.50 per share. With this allotment, the total paid-up share capital rose from Rs. 128.76 crore (64.38 crore shares) to Rs. 128.77 crore (64.385 crore shares). The new shares rank pari-passu with existing equity shares and carry no lock-in restrictions.
This is a routine, minor ESOP allotment with negligible dilution (43,750 shares vs. 64.38 crore existing shares). No meaningful impact on shareholder value or stock price is expected.