We wish to inform you that the Company by way of Circular Resolution has allotted 1,25,203 equity shares of Rs. 5/- each pursuant to Laxmi India Finance Limited Employee Stock Option Scheme-2023.
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The Nomination and Remuneration Committee of Laxmi India Finance Ltd approved the allotment of 1,25,203 equity shares of Rs. 5 each to eligible employees upon exercise of vested options under the Employee Stock Option Scheme-2023. The shares rank pari passu with existing equity shares. Following the allotment, the company's paid-up equity share capital increased from Rs. 26,13,39,375 (5,22,67,875 shares) to Rs. 26,19,65,390 (5,23,93,078 shares), a dilution of approximately 0.24%.
Minor share dilution from ESOP exercise — 1,25,203 new shares added to the pool. No material impact expected on the stock, though existing shareholders experience marginal ownership reduction.