Ideaforge Technology Limited has informed the Exchange regarding allotment of 88366 securities pursuant to ESOP/ESPS at its meeting held on May 04, 2026
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IdeaForge Technology Limited has allotted 88,366 equity shares to employees who exercised their vested stock options under the ESOP 2018 scheme. The shares have a face value of Rs. 10 each and were issued at the same exercise price of Rs. 10 per share with no premium. Following this allotment, the company's paid-up capital increased from Rs. 43,29,92,750 to Rs. 43,38,76,410, and the total number of equity shares rose from 4,32,99,275 to 4,33,87,641. The newly allotted shares rank pari-passu with existing equity shares and are not subject to any lock-in period.
This is a routine corporate action representing a small dilution of approximately 0.2% to the existing shareholder base. No immediate impact on stock price is expected as ESOP allotments are standard practice and the shares are fully paid up at par value.