DEE Development Engineers Limited has informed the Exchange regarding Intimation of allotment of 74,296 Equity Shares against exercise of Vested Employee Stock Option under ESOP Scheme of the Company
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DEE Development Engineers Limited has allotted 74,296 equity shares of Rs. 10 each to eligible employees upon exercise of vested stock options under the DEE ESOP Scheme 2023. The exercise price was Rs. 10 per share. As a result, the company's paid-up equity share capital rose from Rs. 69.05 crore (6,90,54,078 shares) to Rs. 69.13 crore (6,91,28,374 shares). The new shares will rank equally with existing equity shares and carry no lock-in restrictions. The allotment was approved by the Nomination and Remuneration Committee on June 12, 2025.
This is a routine ESOP allotment with a very small dilution of about 0.11% to existing equity. Minimal impact on shareholders; share count goes up slightly while EPS may see a tiny dilution. No lock-in applies, so these shares are freely tradable.