To allot 18400 equity share and grant 20210 options under ESOP Scheme. details attached herewith.
GOPAL · price
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Gopal Snacks Limited has allotted 18,400 equity shares to eligible employees who exercised their vested options under the GOPAL ESOP-2023 scheme. The paid-up share capital has increased from ₹12,46,48,419 to ₹12,46,66,819 as a result. Additionally, the company has granted 20,210 new stock options to employees at an exercise price of ₹1 per option. These new options vest 100% after 1 year from the grant date and can be exercised within 7 years. The newly allotted shares rank pari-passu with existing shares and are not subject to any lock-in. The total dilution from this allotment is minimal at approximately 0.015% of the expanded share capital.
This is routine ESOP-related activity with negligible impact on existing shareholders. The exercise price of ₹1 (face value) is standard for employee stock option plans and should have no material effect on the stock price or shareholder value.