EPL Limited has informed the Exchange regarding Allotment of Shares.
EPL · price
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EPL Limited has allotted 95,516 equity shares to employees who exercised their stock options under the company's ESOS 2020 scheme. Each share has a face value of Rs. 2. As a result, the company's paid-up equity share capital increased from Rs. 63.99 crore (31,99,38,553 shares) to Rs. 64.01 crore (32,00,34,069 shares). The newly allotted shares carry the same rights as existing shares. The company has clarified that this allotment is not material in nature.
This is a routine ESOP allotment with a small number of shares (95,516) and minimal dilution. Shareholders are unlikely to see any meaningful impact on stock price or earnings per share. The event simply reflects employees converting their stock options into shares.