Home First Finance Company India Limited has informed the Exchange regarding 'Intimation of allotment of Equity shares against exercise of vested Employee Stock Options under ESOP Schemes of the Company.'.
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Home First Finance Company India Limited has allotted 25,182 equity shares of face value Rs. 2 each to employees who exercised their vested stock options. The allotment is split across two schemes: 5,752 shares under the ESOP II scheme at exercise prices of Rs. 139.296 and Rs. 334.726, and 19,430 shares under the ESOP 2021 scheme at exercise prices ranging from Rs. 692.65 to Rs. 878.05. As a result, the company's paid-up share capital has increased from Rs. 20.65 crore to Rs. 20.65 crore (specifically from Rs. 20,64,86,830 to Rs. 20,65,37,194), with total equity shares rising from 10,32,43,415 to 10,32,68,597. The newly issued shares will rank equally with existing shares and are not subject to any lock-in period.
This is a routine ESOP exercise that results in a very small (~0.024%) dilution to existing shareholders. The impact on stock price is negligible as the shares are issued at significantly higher prices than the Rs. 2 face value, and there is no lock-in restriction.