Emkay Global Financial Services Limited has informed the Exchange regarding Grant of 25000 Options.
EMKAY · price
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The Nomination, Remuneration and Compensation Committee of Emkay Global approved the grant of 25,000 stock options under the ESOP 2018 Scheme to an identified employee. Additionally, the committee approved the allotment of 8,000 equity shares under ESOP 2007 (at Rs. 70.70 per share) and 1,07,180 equity shares under ESOP 2018 (at Rs. 75.60 per share) to employees who exercised their options. As a result, the company's paid-up equity share capital increased from 2,53,67,024 shares to 2,54,82,204 shares of Rs. 10 each. The new shares will rank pari-passu with existing equity shares including dividend entitlement, and there is no lock-in period after allotment.
This is a routine ESOP-related corporate action with a minor dilution of about 0.45% to existing shareholders. It is unlikely to have a material impact on the stock price, though it signals ongoing employee incentivization by the company.