Ideaforge Technology Limited has informed the Exchange regarding allotment of 11626 securities pursuant to ESOP/ESPS at its meeting held on August 14, 2025
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Ideaforge Technology's Executive Committee approved the allotment of 11,626 equity shares on August 14, 2025, under the company's Employee Stock Option Scheme 2018. Each share has a face value of Rs. 10 and was allotted at an exercise price of Rs. 10 (no premium). The new shares rank equally with existing equity shares. Post-allotment, total shares outstanding increased from 4,32,04,432 to 4,32,16,058, raising paid-up capital from Rs. 43.20 crore to Rs. 43.22 crore. This is a routine disclosure required under SEBI's share-based employee benefits regulations.
The share issuance is very small (about 0.03% increase in total share count), so dilution impact is negligible. This is a routine ESOP allotment and is unlikely to materially affect the stock price.