Ideaforge Technology Limited has informed the Exchange regarding allotment of 18633 securities pursuant to ESOP/ESPS at its meeting held on Jun 16, 2025
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ideaForge Technology has allotted 18,633 equity shares of Rs. 10 each to employees who exercised their vested stock options under the company's Employee Stock Option Scheme, 2018. The exercise price was Rs. 10 per share (no premium). Post-allotment, the total paid-up equity share capital has increased from Rs. 43.17 crore (4.31 crore shares) to Rs. 43.19 crore (4.32 crore shares), representing a very small dilution of about 0.04%. The newly issued shares will rank equally with existing shares and there is no lock-in period on them.
This is a routine, minor ESOP allotment with negligible dilution for existing shareholders. No material impact on share price or shareholder value is expected, as the size of the issuance is very small relative to the total share count.