Laxmi Organic Industries Limited has informed the Exchange about General Updates, Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that Nomination and Remuneration Committee of the Board of Directors of the Company on Tuesday, April 01, 2025 by circular resolution, has in accordance with the terms of ESOP 2020 Scheme, allotted 42,692 equity shares of face value ₹. 2/- each in the share capital of the Company for cash at par to the eligible employees of the Company who exercised their stock options under ESOP-2020. These shares shall rank pari passu, in all respects with the existing equity shares of the Company. After allotment of aforesaid equity shares, the share capital of the Company stands increased from 55,40,47,626 to 55,41,33,010.We request you to take the above on record.
LXCHEM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Laxmi Organic Industries has allotted 42,692 equity shares of face value ₹2 each to eligible employees who exercised their stock options under the company's ESOP-2020 Scheme. The allotment was approved by the Nomination and Remuneration Committee via circular resolution on April 1, 2025. The shares were issued at par (i.e., ₹2 per share) and will rank equally with existing equity shares. Following this allotment, the company's total share capital has increased from 55,40,47,626 to 55,41,33,010 equity shares.
This is a routine ESOP allotment with a minor dilution of less than 0.08%, so it has negligible impact on existing shareholders or the stock price. No meaningful financial or strategic implications for retail investors.