Fujiyama Power Systems Limited has informed the Exchange regarding allotment of 490828 equity shares under Employee Stock Option Plan 2023.
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Fujiyama Power Systems has allotted 490,828 equity shares of Rs. 1 face value to eligible employees who exercised their options under the ESOP 2023 scheme. The exercise price was Rs. 174.34 per share (including a premium of Rs. 173.34). The Board approved this allotment on April 25, 2026, following a recommendation from the Nomination and Remuneration Committee. The company's total issued share capital has increased to Rs. 30,69,01,762 consisting of 30,69,01,762 equity shares. The new shares will rank pari passu with existing equity shares. The company is in the process of completing listing and trading approval formalities with the exchanges.
This is a routine ESOP exercise resulting in modest equity dilution for existing shareholders. The impact on the stock price is typically neutral as this represents employee compensation through stock options rather than fresh capital raising.