Foods & Inns Limited has informed the Exchange regarding allotment of 111659 securities pursuant to ESOP/ESPS at its meeting held on February 12, 2026
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Foods & Inns Limited has allotted 1,11,659 equity shares to eligible employees who exercised their stock options under the company's ESOP 2021 plan. The shares have a face value of Rs. 1 each and were issued at a price of Rs. 54 per share. No shares were allotted to any Directors of the company. Following this allotment, the company's paid-up equity share capital has increased to Rs. 7,35,26,283, comprising 7,35,26,283 equity shares of Re. 1 each. The decision was taken at the Nomination and Remuneration Committee meeting held on February 12, 2026.
This is a routine ESOP allotment that results in a marginal dilution of approximately 0.15% (1.11 lakh shares out of ~7.35 crore total shares). It signals employee confidence in the company but is unlikely to have any material impact on the stock price.