Intimation under Regulation 30 of SEBI(LODR),2015 - Application of In-principle approval for Employee stock option scheme.
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Epuja Spiritech Ltd has received in-principle approval from BSE for its Employee Stock Option Scheme (ESOP) 2025, covering up to 3 crore (3,00,00,000) equity shares of Re. 1 each. These shares will be issued and allotted as and when employees exercise their stock options under the scheme. The approval is conditional on the company complying with SEBI's Share Based Employee Benefits Regulations, payment of fees, statutory approvals, and other listing requirements. The actual allotment of shares will happen only after these conditions are met and a separate listing application is filed.
Existing shareholders may face dilution of their holdings when ESOP options are eventually exercised and shares are allotted. However, ESOPs can help attract and retain talent by aligning employee interests with long-term company performance and stock price growth.