Jindal Stainless Limited has informed the Exchange regarding allotment of 650000 securities pursuant to ESOP/ESPS at its meeting held on August 28, 2025
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Jindal Stainless Limited has allotted 6,50,000 equity shares (face value Rs. 2 each) to the JSL Employee Welfare Trust under its ESOP Scheme 2023, at a board sub-committee meeting held on August 28, 2025. The allotment includes 3,25,000 ESOPs at exercise prices ranging from Rs. 285.65 to Rs. 368 per share, and 3,25,000 Restricted Stock Units (RSUs) at Rs. 2 per share, bringing the total value to approximately Rs. 10.54 crore. Post-allotment, the paid-up share capital has risen to Rs. 1,64,88,39,176 divided into 82,44,19,588 equity shares. The newly issued shares will rank equally with existing shares and will be transferred to eligible employees upon exercise of their options.
This is a routine ESOP allotment with no fresh capital raised from the market; the share capital dilution is minimal (less than 0.08% increase in total shares) and is unlikely to have any meaningful impact on the stock price. Shareholders should note a marginal increase in total outstanding shares.