Ideaforge Technology Limited has informed the Exchange regarding allotment of 11011 securities pursuant to ESOP/ESPS at its meeting held on July 14, 2025
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ideaForge Technology Limited has allotted 11,011 equity shares with a face value of Rs. 10 each to employees who exercised their vested stock options under the company's ESOP 2018 scheme. The Executive Committee approved this on July 14, 2025. The exercise price was Rs. 10 per share, with no premium charged. As a result, the company's paid-up equity capital has risen from Rs. 43.19 crore (4,31,93,421 shares) to Rs. 43.20 crore (4,32,04,432 shares). The newly issued shares will rank equally with existing shares and are not subject to any lock-in period. This is a routine disclosure under SEBI's share-based employee benefits regulations.
This is a small ESOP allotment (about 0.025% dilution) and is unlikely to have any meaningful impact on the stock price. It reflects the company honouring its employee incentive plan and is a standard regulatory disclosure.