Allotment of 30,000 equity shares under the Integra Engineering Employees'' Stock Option Plan 2015 (ESOP 2015)
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Integra Engineering India Ltd has allotted 30,000 equity shares of Re. 1 face value to eligible employees under its ESOP 2015 scheme. The exercise price was Re. 1 per share with a premium of Rs. 35, making the total exercise price around Rs. 36 per share. After this allotment, the total issued share capital stands at 34,425,196 shares. The shares carry no lock-in and will rank equally with existing equity shares. The ESOP plan was originally filed in November 2017 with in-principle BSE approval for up to 8,00,000 shares.
This is a minor, routine ESOP allotment causing negligible dilution of about 0.09% to existing shareholders. No material impact on stock price is expected, as the total share count rises only modestly from 34.4 million to 34.43 million shares.