Laxmi India Finance Limited has informed the Exchange regarding Allotment of 125203 Shares.
LAXMIINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Laxmi India Finance Limited has allotted 125,203 equity shares of Rs. 5 each to eligible employees upon exercise of vested stock options under the Employee Stock Option Scheme-2023. The allotment was approved by the Nomination and Remuneration Committee via circular resolution on May 26, 2026. Following this, the company's paid-up equity share capital increased from Rs. 26.13 crore to Rs. 26.20 crore. The total number of equity shares increased from 5,22,67,875 to 5,23,93,078. The newly allotted shares will rank pari passu with existing equity shares.
Minor dilution for existing shareholders as share count increased by 0.24%. The move is positive for employee retention and aligns employee interests with company performance.