Greenply Industries Limited has informed the Exchange regarding allotment of 14250 securities pursuant to ESOP/ESPS at its meeting held on March 31, 2026
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Greenply Industries has allotted 14,250 equity shares of face value Re. 1 each to eligible employees who exercised their stock options under the Greenply Employee Stock Option Plan 2020. The exercise price was Rs. 55 per share, which includes a premium of Rs. 54 per share. Following this allotment, the company's paid-up equity share capital increased from Rs. 12,48,87,795 (12,48,87,795 shares) to Rs. 12,49,02,045 (12,49,02,045 shares). The newly issued shares will rank pari-passu with the existing equity shares of the company. The allotment was approved by the Nomination and Remuneration Committee at its meeting held on March 31, 2026.
This is a routine ESOP allotment with a very small dilution of about 0.01% in total share count, so it has negligible impact on existing shareholders. It signals ongoing employee incentivization but is unlikely to materially affect the stock price.