Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing obligations and Disclosure Requirements) Regulations, 2015, we would like to inform that Board of Directors ....
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Insolation Energy's Board of Directors approved the allotment of 51,625 equity shares (face value Re. 1 each) under the company's Employee Stock Option Plan 2024. These shares were issued upon exercise of vested stock options by employees at an exercise price of Rs. 3.8 per share (including a premium of Rs. 2.8). Following this allotment, the company's total issued and paid-up equity share capital has increased from 22,03,43,000 shares to 22,03,94,625 shares. The newly issued shares will rank equally with existing shares and carry no lock-in restrictions.
The dilution is negligible (51,625 shares against over 22 crore existing shares, or roughly 0.023%), so there is minimal impact on share price or shareholder value. The allotment signals employee participation in the ESOP plan, which is a routine corporate action.