Allotment of 85,000 Equity Shares of Face Value of Rs. 1 each pursuant to Deccan Gold Mines Limited Stock Incentive Plan 2024.
DECNGOLD · price
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Deccan Gold Mines has allotted 85,000 equity shares of face value ₹1 each to employees who exercised stock options under the company's Stock Incentive Plan 2024 (DGML SIP 2024). The shares were allotted at an exercise price of ₹20 per share, generating ₹17 lakh for the company. As a result, the total paid-up equity capital increased marginally from ₹19.78 crore (19,78,16,715 shares) to ₹19.79 crore (19,79,01,715 shares). The company's overall ESOP plan covers 80 lakh stock options, of which 50.5 lakh have been granted and vested, 85,000 have now been exercised, and 30,000 have lapsed. The newly issued shares will rank equally with existing shares and carry no lock-in period.
This is a routine ESOP allotment with very minor dilution (0.004% increase in share count). The exercise price of ₹20 per share is significantly above the face value of ₹1, meaning employees are buying in at a premium — a mildly positive signal of employee confidence. No material impact on stock price or existing shareholders is expected.