Havells India Limited has informed the Exchange about Options to purchase securities
HAVELLS · price
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Havells India Limited completed the exercise of employee stock options under three ESPS plans - ESPS 2014, ESPS 2015, and ESPS 2016. A total of 3,04,810 equity shares of Rs. 1/- each were allotted to eligible employees through the Havells Employees Welfare Trust. The exercise price was Rs. 1,302.10 per share (based on the latest available closing price prior to the Nomination and Remuneration Committee meeting). All options vested were fully exercised with no lapses. The company states the dilution to EPS is negligible as the quantum of shares issued is insignificant relative to its total paid-up capital.
This is a routine corporate action with minimal impact on shareholders. The share issuance marginally increases equity capital but the dilution effect on earnings per share is negligible. There is no direct impact on the stock price from this internal employee benefit exercise.