Intimation for Allotment of equity shares under ESOP schemes of the company
INDIASHLTR · price
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India Shelter Finance Corporation Ltd has allotted 6,400 equity shares of Rs. 5/- each to employees who exercised their vested stock options. The allotment includes 2,400 shares under the ESOP 2021 scheme at an exercise price of Rs. 154.80 per share and 4,000 shares under the ESOP 2023 scheme at Rs. 204.00 per share. Following this allotment, the company's paid-up share capital increased from Rs. 54,38,93,495 to Rs. 54,39,25,495, with total equity shares rising from 10,87,78,699 to 10,87,85,099. The new shares will rank equally with existing equity shares and the company is completing listing formalities for these allotted shares.
The dilution is minimal at around 0.006% of total shares, which is negligible for existing shareholders. This is a routine ESOP exercise with no material impact on the stock price.