Allotment of 3,442 equity shares under the Company''s Employee Stock Option Plans
MASTEK · price
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Mastek Limited's Stakeholder's Relationship Committee approved and allotted 3,442 equity shares of Rs. 5 each to eligible employees who exercised their vested options under ESOP Plan VII. The paid-up share capital increased from 3,09,97,340 shares (Rs. 15,49,86,700) to 3,10,00,782 shares (Rs. 15,50,03,910). Exercise prices for the allotted shares ranged from Rs. 169 to Rs. 350, with some shares issued at par value. The new shares rank pari-passu with existing equity shares and are listed on BSE and NSE under scrip code 523704 and symbol MASTEK respectively. No lock-in applies to these shares.
This is a routine ESOP exercise with minimal dilution — just 0.01% increase in share count. No material impact on the stock price expected; the announcement is primarily informational for compliance with SEBI listing regulations.