Intimation for allotment of equity shares pursuant to exercise of options under EKI Energy Services Limited - Employee Stock Option Plan - 2021.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
EKI Energy Services has issued 40,000 equity shares (face value Rs. 10 each) to eligible employees who exercised their stock options under the company's ESOP 2021 plan. The shares were allotted at an exercise price of Rs. 30 per share, meaning a Rs. 20 premium over face value. Following this allotment, the company's total issued and paid-up share capital has risen from Rs. 27.60 crore (2.76 crore shares) to Rs. 27.64 crore (2.76 crore shares). The newly issued shares carry equal rights with existing shares, including dividend entitlement. No lock-in period applies to these shares.
This is a routine ESOP allotment with a very small dilution of roughly 0.14% of total share count, so it should have minimal effect on share price or shareholder value. Existing shareholders are slightly diluted, but the impact is negligible.