Fujiyama Power Systems Limited has informed the Exchange regarding the updated intimation of allotment.
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Fujiyama Power Systems Limited has resubmitted its intimation of share allotment under ESOP 2023, correcting an earlier filing that contained incomplete issue price details. The company allotted 490,828 equity shares of face value Rs. 1 each in two tranches: 446,803 shares at Rs. 91.03 per share and 44,025 shares at Rs. 175.34 per share. The total issued share capital after this issue stands at Rs. 30,69,01,762. This is a routine ESOP exercise by employees and does not involve any fresh capital raise from external investors.
This is a routine employee stock option exercise with minimal direct impact on stock price. The dilution effect is limited given the large existing share capital, and the exercise prices appear to be above face value.