Intimation regarding allotment of Equity Shares pursuant to exercise of Restricted Stock Units is enclosed herewith.
KANSAINER · price
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Kansai Nerolac Paints Limited has allotted 56,197 equity shares of Re. 1 each fully paid-up to employees who exercised their Restricted Stock Units (RSUs) under the Kansai Nerolac Paints Limited – RSU Plan 2022. The shares were issued on 28th May 2026 at par value (Re. 1 per share) with no premium. Following this allotment, the total issued share capital stands at Rs. 80,87,14,470 divided into 80,87,14,470 equity shares. The shares are identical in all respects to existing listed shares and carry no lock-in restrictions. This is a routine disclosure under SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Minimal impact on shareholders. The dilution is negligible (56,197 shares out of ~809 million), and the exercise price at par value indicates these RSUs were likely granted at a lower fair market value. No impact on stock price expected.