Ideaforge Technology Limited has informed the Exchange regarding allotment of 1256 securities pursuant to ESOP/ESPS at its meeting held on May 25, 2026
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Ideaforge Technology Limited has allotted 1,256 equity shares of Rs. 10 each to employees who exercised their vested stock options under the ESOS 2018 scheme. The allotment was approved by the Executive Committee of the Board on May 25, 2026. The exercise price was exactly Rs. 10 per share (face value with no premium). Following this allotment, the company's paid-up capital increased marginally from Rs. 43.39 crore to Rs. 43.39 crore, and total equity shares outstanding rose from 4,33,87,641 to 4,33,88,897. These newly allotted shares rank pari-passu with existing equity shares in all respects.
This is a routine, small-scale dilution event with minimal impact on shareholders. The allotment of 1,256 shares represents a negligible 0.003% increase in total outstanding shares and is unlikely to have any material impact on the stock price or existing shareholder value.