Ideaforge Technology Limited has informed the Exchange regarding allotment of 695 securities pursuant to ESOP/ESPS at its meeting held on May 12, 2025
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Ideaforge Technology has allotted 695 equity shares to employees who exercised their vested stock options under the company's Employee Stock Option Scheme, 2018. The shares have a face value and exercise price of Rs. 10 each, meaning employees paid only the face value with no premium. After this allotment, the company's total paid-up equity capital has risen from Rs. 43.17 crore to Rs. 43.17 crore (4,31,74,788 shares of Rs. 10 each). The newly issued shares will rank equally with existing shares and are listed on both NSE and BSE. This is a routine ESOP exercise disclosure filed under SEBI's share-based employee benefits rules.
The 695 shares represent a tiny fraction (about 0.0016%) of the total share count, so there is negligible dilution for existing shareholders. No meaningful impact on share price or shareholder value is expected from this routine allotment.