Jaro Institute of Technology Management and Research Limited has informed the Exchange regarding 'Approved and allotment of 2,352 fully paid-up equity shares of Rs. 10/- each upon exercise of options granted under Jaro Education Employee Stock Option Plan 2022.'.
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On March 25, 2026, the board of Jaro Institute of Technology Management and Research approved the allotment of 2,352 fully paid-up equity shares of Rs. 10/- each to eligible employees who exercised stock options under the Jaro Education Employee Stock Option Plan 2022. These shares were issued at the exercise price of Rs. 10/- per share with no premium. The allotment includes 480 bonus shares (1:3 ratio) attached to the first ESOP grant from May 2022, as approved by shareholders on May 24, 2024. After this issue, the total issued shares stand at 2,21,78,691, with a total issued share capital of about Rs. 22.18 crore. The shares are in demat form with no lock-in period, and the company is listed on both BSE (544534) and NSE (JARO).
This is a very small ESOP-related allotment with negligible dilution (less than 0.01% of total share count), so it should have no material effect on share price or existing shareholders. The exercise of options at face value is a routine employee incentive event and broadly a neutral-to-mildly positive signal of employee retention and alignment.