Intimation of allotment of 36752 equity shares under ESOP.
LUPIN · price
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Lupin Ltd's Operations and Finance Committee allotted 36,752 fully paid-up equity shares of ₹2 each to employees. These shares were issued upon exercise of vested stock options granted under the company's Employee Stock Option Plans to employees of Lupin and its subsidiaries. Following this allotment, the company's total paid-up share capital stands at ₹91,44,31,726 comprising 45,72,15,863 equity shares. This is a routine corporate action disclosed under SEBI listing regulations.
This is a routine ESOP exercise with minimal impact on existing shareholders. The share count increase is relatively small (36,752 shares out of ~457 million), resulting in minimal dilution of approximately 0.008%.