DRC Systems India Limited has informed the Exchange regarding allotment of 387000 securities pursuant to ESOP/ESPS at its meeting held on August 12, 2025
DRCSYSTEMS · price
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DRC Systems India Limited has allotted 3,87,000 equity shares with a face value of Re. 1 each to eligible employees who exercised their stock options under the DRC Employee Stock Option Scheme 2021-22. The allotment was approved by the Nomination and Remuneration Committee at its meeting held on August 12, 2025. These newly issued shares will rank equally with existing equity shares in all respects. As a result, the company's total equity share count has increased from the previous level to 13,40,81,330 equity shares.
This is a minor dilution of approximately 0.29% as 387,000 new shares are added to the existing base of around 13.36 crore shares. The allotment signals employee confidence in the company's prospects but is unlikely to have a material impact on share price.