Dr. Reddy's Laboratories Limited has informed the Exchange regarding Allotment of 21350 Shares.
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Dr. Reddy's Laboratories has allotted 21,350 equity shares of Re.1 each to eligible employees on exercise of stock options. The shares were issued under two existing employee stock option schemes — the ESOS 2002 and the ADR ESOS 2007. Of the total, 10,855 shares were exercised at Re.1 per share and 10,495 shares at Rs.781.20 per share. After this allotment, the company's total issued share capital stands at Rs.83,46,08,285, comprising 83,46,08,285 equity shares. The newly issued shares rank equally with existing shares, and there is no lock-in period. This is a routine ESOP exercise disclosure with negligible dilution.
This is a small, routine ESOP allotment that causes negligible dilution (21,350 shares vs. 83.46 crore total shares). No material impact on share price or shareholder value; purely a compliance disclosure.