Allotment of 25,240 Equity Shares pursuant to the exercise of options granted under Dr. Agarwal''s Health Care Limited - Employees Stock Option Scheme 2022
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The Nomination and Remuneration Committee of Dr. Agarwal's Health Care Limited approved the allotment of 25,240 equity shares of ₹1 each to eligible employees upon exercise of vested stock options. The exercise prices were ₹129.88 per share for 11,700 shares and ₹135 per share for 13,540 shares. This is part of the company's Employees Stock Option Scheme 2022. The paid-up share capital increased from ₹31,69,57,788 to ₹31,69,83,028, representing a marginal dilution of approximately 0.08%. There is no lock-in on these newly allotted shares, and they rank pari passu with existing equity shares.
This is a routine ESOP exercise resulting in minor share dilution. The impact on the stock price is negligible given the small number of shares (25,240) relative to the total outstanding shares (over 31.6 crore). The exercise prices of ₹129.88-₹135 are significantly above the face value of ₹1, indicating these options were granted at fair market value.