Emkay Global Financial Services Limited has informed the Exchange regarding Allotment of 115180 Shares.
EMKAY · price
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Emkay Global Financial Services has allotted 1,15,180 equity shares to employees under its Employee Stock Option Plans. This includes 8,000 shares under ESOP 2007 at Rs. 70.70 per share and 1,07,180 shares under ESOP 2018 at Rs. 75.60 per share. Additionally, 25,000 new stock options were granted under ESOP 2018 to an identified employee. Following this allotment, the company's paid-up equity share capital has increased from 2,53,67,024 shares to 2,54,82,204 shares of Rs. 10 each. The shares rank pari-passu with existing shares and carry no lock-in restrictions.
This is a routine ESOP allotment resulting in marginal dilution of about 0.45% for existing shareholders. The impact on stock price is expected to be negligible as employee stock options typically vest and get exercised gradually over time.