Laxmi Organic Industries Limited has submitted Disclosure for Allotment of 63,694 Equity shares of Rs. 2 each, issued and allotted pursuant to the exercise of options under Laxmi- Employee Stock Option Plan 2020 ("ESOP 2020")
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Laxmi Organic Industries has allotted 63,694 equity shares of ₹2 face value each to employees who exercised their stock options under the Laxmi Employee Stock Option Plan 2020. The shares were issued at two exercise prices: 14,154 shares at ₹2 per share and 49,540 shares at ₹100 per share. These new shares rank pari passu with existing equity shares and are not subject to any lock-in restrictions. Following this allotment, the company's total issued share capital increased from ₹55,42,95,746 to ₹55,44,23,134, with total shares now at 27,72,11,567. The Nomination and Remuneration Committee approved this allotment via circular resolution on April 3, 2026.
This is a routine equity dilution event from ESOP exercises. The dilution is minimal at 0.023% of total shares, with no impact on stock price expected. It aligns employee and shareholder interests while adding a small amount to the company's cash reserves.