Inox Green Energy Services Limited has informed the Exchange regarding Allotment of 102500 equity Shares upon exercise of vested stock options under the Inox Green Stock Option Scheme 2024.
INOXGREEN · price
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Inox Green Energy Services has allotted 102,500 equity shares to employees upon their exercise of vested stock options under the company's ESOP scheme (Inox Green Stock Option Scheme 2024). This is a routine employee stock option exercise, resulting in a minor increase in the company's outstanding share count. The allotment was informed to the exchange as required under listing regulations. No new fundraising or change in capital structure beyond this small ESOP allotment has occurred.
Minor dilution of existing shareholders due to the issuance of new shares to employees; unlikely to have any material impact on the stock price as this is a routine ESOP exercise.