Ideaforge Technology Limited has informed the Exchange regarding allotment of 4669 securities pursuant to ESOP/ESPS at its meeting held on October 10, 2025
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Ideaforge Technology Limited has allotted 4,669 equity shares to employees under its Employee Stock Option Plan (ESOP) / Employee Stock Purchase Scheme (ESPS). The allotment was approved at a board meeting held on October 10, 2025. This is a routine event where the company issues fresh shares to employees as part of their compensation or incentive plans, leading to a minor dilution in existing shareholders' stake.
The dilution from 4,669 shares is very small and unlikely to have any meaningful impact on share price or shareholder value. This is a normal operational activity reflecting employee compensation being paid in equity.