Eicher Motors Limited has informed the Exchange regarding allotment of 88160 securities pursuant to ESOP/ESPS at its meeting held on May 14, 2025
EICHERMOT · price
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Eicher Motors' Board, at its meeting on May 14, 2025, approved the allotment of 88,160 equity shares of face value Re. 1 each. These shares were issued to employees exercising stock options under the company's ESOP 2006 and Restricted Stock Units Plan 2019. The board meeting ran from 11:00 a.m. to 3:40 p.m. The allotment is a routine exercise of employee stock options and is being disclosed under SEBI LODR Regulation 30. This will marginally increase the company's total share count.
Minor equity dilution for existing shareholders due to the new share issuance, but the impact is negligible given Eicher Motors' large share base. This is a routine ESOP exercise and is unlikely to have any material effect on the stock price.