This is to inform you that on September 11, 2025, the Stakeholders Relationship Committee of the Board has approved, by way of circular resolution, allotment of 35,874 equity shares of Rs. 10/- each of the Company, fully paid up, to the employees of the Company pursuant to exercise of stock options under the Employee Stock Option Schemes- 2021 (ESOS-2021) as per details given below:(a) 35,400 equity shares of Rs.10/- each under ESOS-2021 at an exercise price of Rs. 580/- per share;(b) 474 equity shares of Rs.10/- each under ESOS-2021 at an exercise price of Rs. 635/- per share.The aforesaid equity shares shall rank pari-passu with the existing equity shares of the Company in all respects.Consequently, with effect from September 11, 2025, the issued, subscribed and paid-up share capital of the Company stands increased from Rs. 15,81,98,800/- to Rs. 15,85,57,540/- divided into 1,58,55,754 equity shares of Rs. 10/- each.
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On September 11, 2025, the Stakeholders Relationship Committee approved the allotment of 35,874 equity shares of Rs. 10 each to employees who exercised stock options under the ESOS-2021 scheme. Of these, 35,400 shares were allotted at an exercise price of Rs. 580 per share, and 474 shares at Rs. 635 per share. As a result, the company's paid-up share capital increased from Rs. 15.82 crore to Rs. 15.86 crore, taking the total number of equity shares to 1,58,55,754. The newly issued shares will carry equal rights as existing shares.
This is a routine ESOP allotment with a small dilution (under 0.03% of total shares), so it is unlikely to have any meaningful impact on the stock price or existing shareholders' value.