Kansai Nerolac Paints Limited has informed the Exchange regarding Allotment of 56197 Shares.
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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 under the RSU Plan 2022. The allotment was approved by the Board of Directors on 28th May 2026. After this issue, 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 shares and carry no lock-in restrictions. This is a routine disclosure under SEBI regulations for share-based employee benefits.
The impact on shareholders is minimal as this is a small issuance (0.007% dilution) under an employee compensation scheme. The shares are fully paid up at face value with no premium, which is standard for RSU exercises.