Godawari Power And Ispat limited has informed the Exchange regarding Allotment of 213355 Shares.
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Godawari Power and Ispat Limited has allotted 2,13,355 equity shares (face value Re. 1 each) to employees who exercised their vested stock options under the company's ESOP 2023 scheme. The shares were issued at an exercise price of Rs. 116.20 per share, bringing in approximately Rs. 2.48 crore to the company. As a result, the paid-up share capital rose from Rs. 66.94 crore to Rs. 66.96 crore. Including this allotment, a total of 6,41,788 shares have now been issued under the ESOP scheme. The newly allotted shares carry no lock-in period and rank equally with existing equity shares.
This is a routine employee stock option allotment with a very small dilution (2.13 lakh shares vs existing equity base). Minimal impact on shareholders — slight share dilution and a minor cash inflow, but no material effect on stock price or ownership structure.