Please find attached herewith the intimation for allotment of 3,71,520 Equity shares under GPIL ESOP Scheme 2023.
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Godawari Power and Ispat Ltd has allotted 3,71,520 equity shares to employees who exercised their vested stock options under the GPIL ESOP 2023 scheme. The exercise price was Rs. 116.20 per share (after adjusting for a stock split from Rs. 5 face value to Re. 1). The company received Rs. 4.32 crore from this exercise. The paid-up capital increased from Rs. 67.27 crore to Rs. 67.31 crore. The new shares will rank equally with existing shares and have no lock-in period. Additionally, 2,48,690 options lapsed due to employee resignations. The diluted earnings per share is Rs. 13.72.
This represents a small equity dilution of approximately 0.055% for existing shareholders. The dilution is minimal and the shares have no lock-in, meaning they can be sold immediately in the market, potentially creating minor short-term selling pressure.