Intimation w.r.t. allotment of shares pursuant to exercise of Stock Options, is enclosed herewith.
EPL · price
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EPL Ltd's Security Committee has approved the allotment of 29,316 equity shares of Rs. 2 face value each, following the exercise of stock options by a grantee under the Employee Stock Option Scheme 2020. The paid-up equity share capital increased from Rs. 64,05,00,686 to Rs. 64,05,59,318, with total shares rising from 32,02,50,343 to 32,02,79,659. The company clarified that this allotment is not material in nature. The newly allotted shares rank pari passu with existing fully paid-up equity shares.
Minimal dilution of approximately 0.09% for existing shareholders. This is a routine ESOS exercise with negligible impact on stock price or shareholder value.