India Shelter Finance Corporation Limited has informed the Exchange regarding Allotment of 149450 Shares.
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India Shelter Finance Corporation has allotted 149,450 equity shares of face value Rs. 5 each to employees who exercised their vested stock options. Of these, 64,200 shares were issued under the ESOP 2021 scheme at exercise prices of Rs. 154.80, Rs. 170.36, and Rs. 207.70, while 85,250 shares were issued under the ESOP 2023 scheme at Rs. 204 per share. Following this allotment, the company's paid-up equity share capital has risen from Rs. 54.00 crore to Rs. 54.08 crore, taking the total number of outstanding equity shares to 10,81,56,937. The newly issued shares will rank equally with existing shares and are being processed for listing. There is no lock-in period on these shares.
This is a routine ESOP allotment and only a very minor dilution of about 0.14% to existing shareholders. It is unlikely to have any meaningful impact on the stock price but signals that employee retention and incentive plans are actively being utilized.