Ideaforge Technology Limited has informed the Exchange regarding allotment of 7026 securities pursuant to ESOP/ESPS at its meeting held on February 16, 2026
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Ideaforge Technology Limited has allotted 7,026 equity shares pursuant to its Employee Stock Option Plan (ESOP) / Employee Stock Purchase Scheme (ESPS). The allotment was approved at a board meeting held on February 16, 2026. This is a routine corporate action that increases the company's issued share capital by a small amount. ESOP allotments are part of the company's employee incentive and retention programme. The number of shares issued is relatively small compared to the total share base, resulting in only minor dilution.
Marginal dilution of existing shareholders due to an increase in share count, but the impact is negligible given the small number of shares issued. No material effect on stock price is expected as this is a routine employee compensation event.