Intimation of allotment of 13,558 Equity Shares pursuant to exercise of stock options exercised under the Company''s "EPACK Prefab Employee Stock Option Scheme 2024"("ESOP SCHEME")
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The Nomination and Remuneration Committee approved allotment of 13,558 equity shares (Rs. 2 face value) to employees who exercised vested stock options under the company's ESOP Scheme 2024. The exercise price was Rs. 150 per share with a premium of Rs. 148. Following this allotment, the company's paid-up capital increased to Rs. 20.13 crore comprising 10.06 crore shares. This represents a negligible dilution of approximately 0.013% for existing shareholders. The new shares will rank pari-passu with existing shares and carry equivalent dividend and voting rights.
Minimal shareholder impact from this small ESOP-driven dilution. The allotment demonstrates employee participation in the company's equity, which aligns employee interests with shareholders. No significant stock price movement is expected from this routine filing.