EID Parry India Limited has informed the Exchange regarding Allotment of 17790 Shares.
EIDPARRY · price
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Awaiting price reaction for this filing.
EID Parry India has allotted 17,790 equity shares of Re.1 face value to Mr. Suresh Kannan upon exercise of stock options under the company's ESOP 2016 plan. The exercise price was Rs. 289.50 per share (with a premium of Rs. 288.50), well above the face value. After this allotment, the total issued and paid-up equity share capital has risen slightly from Rs. 17,77,78,294 to Rs. 17,77,96,084, comprising 17,77,96,084 shares. The newly issued shares are identical to existing shares and carry no lock-in. This filing has been made in compliance with SEBI's Share Based Employee Benefits Regulations, 2021.
This is a routine, very small ESOP allotment representing roughly 0.001% dilution to existing shareholders and is unlikely to have any meaningful impact on the stock price or shareholder value.