Gokaldas Exports Limited has informed the Exchange about General Updates
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Gokaldas Exports Limited has allotted 1,30,750 equity shares of Rs. 5 each to employees under the GEL Employee Stock Option Plan 2022. This allotment was approved by the Nomination and Remuneration Committee of the company. As a result, the paid-up share capital of the company has increased from Rs. 36.55 crore (7,30,97,628 shares) to Rs. 36.61 crore (7,32,28,378 shares). This is a routine disclosure informing the stock exchanges about the ESOP allotment.
This is a minor dilution of about 0.18% of the existing share capital and is unlikely to have any material impact on the stock price. It reflects the company continuing to incentivise its employees through stock options.