Ideaforge Technology Limited has informed the Exchange regarding allotment of 756 securities pursuant to ESOP/ESPS at its meeting held on March 12, 2026
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On March 12, 2026, the Executive Committee of the Board of ideaForge Technology approved the allotment of 756 equity shares to employees who exercised their vested stock options under the ideaForge Employee Stock Option Scheme, 2018. The shares have a face value of Rs. 10 each and were issued at an exercise price of Rs. 10 (no premium). Post this allotment, the company's total paid-up equity share capital has increased from Rs. 43,27,51,720 (4,32,75,172 shares) to Rs. 43,27,59,280 (4,32,75,928 shares). The newly issued shares rank equally with existing equity shares, and there is no lock-in period applicable. The allotment has been disclosed to NSE and BSE as required under SEBI's Share Based Employee Benefits Regulations.
This is a routine, small-scale ESOP allotment and is unlikely to have any material impact on the stock price. The dilution from 756 shares is negligible compared to the existing 4.32 crore share base, and the company has signalled employee retention and incentive alignment rather than any fundraising activity.