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 ....
INA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Insolation Energy Ltd's Board of Directors has approved the allotment of 54,750 fully paid-up equity shares of Re. 1/- each to employees who exercised their vested options under the Insolation Energy Employee Stock Option Plan 2024. The exercise price was Rs. 3.8/- per share (after a share subdivision; originally Rs. 38/- at grant time), with a premium of Rs. 2.8/- per share. Following this allotment, the company's issued and paid-up equity share capital increased from 22,03,94,625 shares to 22,04,49,375 shares. The new shares will rank pari passu with existing equity shares and have no lock-in restrictions.
This is a routine ESOP exercise with minimal dilution. The allotment of 54,750 shares represents a small 0.025% increase in total share capital, which is unlikely to have any material impact on the stock price.