Landmark Cars Limited has informed the Exchange regarding Allotment of 40000 Shares on exercise of Stock Option under Landmark Cars Limited Employee Stock Options Scheme, 2018. The disclosure is attached herewith.
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Landmark Cars Limited has informed the exchange about the allotment of 40,000 equity shares following the exercise of stock options by employees under the Landmark Cars Limited Employee Stock Options Scheme, 2018 (ESOS 2018). This is a routine disclosure made by the company as part of its employee compensation programme. The newly allotted shares will increase the total paid-up equity share capital of the company. The full disclosure document is attached with the filing for reference.
This is a minor, routine allotment that results in a small dilution for existing shareholders. It is unlikely to have any material impact on the stock price, as it simply reflects employees converting their vested stock options into actual shares.