Greaves Cotton Limited has informed the Exchange regarding Allotment of 45173 Shares.
GREAVESCOT · price
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Greaves Cotton Limited has allotted 45,173 fully paid-up equity shares of Rs. 2/- each to employees who exercised their stock options under the Greaves Cotton – Employee Stock Option Plan 2020. The Nomination and Remuneration Committee approved this allotment on 5th May 2026. The new shares will rank pari-passu with existing equity shares. Following this allotment, the company's issued and paid-up share capital has increased to Rs. 46,59,02,868 comprising 23,29,51,434 equity shares. This is a routine disclosure under SEBI (LODR) Regulations, 2015.
The allotment causes minor dilution of approximately 0.002% to existing shareholders, which is negligible. This is a standard ESOP conversion and unlikely to have any material impact on the stock price or shareholder value.