Jindal Stainless Limited has informed the Exchange regarding allotment of Equity Shares under the JSL-Employee Stock Option Scheme 2023.
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Jindal Stainless Limited has allotted 6,50,000 equity shares (face value Rs. 2 each) to its JSL Employee Welfare Trust under the existing JSL-Employee Stock Option Scheme 2023. The allotment was approved by the Sub-Committee of the Board on August 28, 2025. Of the total, 3,25,000 shares are Restricted Stock Units (RSUs) priced at Rs. 2 each, while the remaining 3,25,000 are ESOPs with exercise prices ranging from Rs. 293 to Rs. 368 per share, bringing the total value of the issue to roughly Rs. 10.54 crore. After this allotment, the company's paid-up share capital has risen to Rs. 164.88 crore, divided into 82,44,19,588 equity shares. The new shares will rank equally with existing shares and have no lock-in period; they will be transferred to eligible employees upon exercise of options.
This is a routine ESOP allotment under a scheme already in place, leading to a marginal increase in share count (less than 0.08% dilution). It is unlikely to materially affect share price, though it aligns employee interests with shareholders.