The Share Allotment and Transfer Committee of the Board of Directors of the Company, has, in its Meeting held today on 22 May 2026, has allotted 3,04,810 Equity Shares of Re. 1 each to ....
HAVELLS · price
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Havells India Ltd has allotted 3,04,810 equity shares of Rs. 1 each to eligible employees who exercised their options under three Employee Stock Purchase Plans. The breakdown is: 1,14,191 shares under ESPS 2014, 1,50,000 shares under ESPS 2015, and 40,619 shares under ESPS 2016. The exercise price was Rs. 1,302.10 per share, based on the latest available closing price. No shares lapsed under any of the plans. The company states that the dilution to EPS is negligible as the total quantum of shares issued is insignificant relative to its total paid-up capital. The shares will be transferred to employees through the Havells Employees Welfare Trust.
Minimal impact on shareholders - this is a routine employee stock option exercise with negligible dilution. The shares were issued at market price under pre-approved employee benefit plans compliant with SEBI regulations.