KOTIC · price
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Awaiting price reaction for this filing.
BSE has granted in-principle approval to Kothari Industrial Corporation Ltd for the issue and allotment of up to 46,86,000 equity shares of face value Rs. 5 each under the 'KICL Employee Stock Option Scheme 2025'. The approval is subject to standard conditions including compliance with SEBI's Share Based Employee Benefits Regulations, 2021, Companies Act provisions, and submission of post-allotment documents. These shares will be allotted to employees only when stock options are actually exercised under the scheme, not all at once. The total potential dilution, if all options are exercised, would be up to 46.86 lakh shares at Rs. 5 face value.
Minor potential dilution for existing shareholders once employees begin exercising options, but no immediate share issuance or cash outflow. This is a routine ESOP approval and does not affect current shareholding or stock price materially.