Havells India Limited has informed the Exchange about General Updates
HAVELLS · price
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Havells India has completed the exercise of employee stock purchase plan (ESPS) shares and allotted 304,810 equity shares of Re. 1/- each to eligible employees through the Havells Employees Welfare Trust. The shares were exercised under three plans: ESPS 2014 (114,191 shares), ESPS 2015 (150,000 shares), and ESPS 2016 (40,619 shares). The exercise price was Rs. 1,302.10 per share based on the latest closing price prior to the Nomination and Remuneration Committee meeting. No shares lapsed under any of the plans. The company stated that the dilution in EPS is negligible as the quantum of shares issued is insignificant relative to its total paid-up capital.
This is a routine employee benefit exercise with minimal impact on shareholders. The dilution to existing shareholders' stake and EPS is negligible due to the small number of shares relative to total capital.