Mastek Limited has informed the Exchange regarding Allotment of 3442 Shares.
MASTEK · price
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Mastek Limited's Stakeholder Relationship Committee approved and allotted 3,442 equity shares of Rs. 5 each to eligible employees who exercised their vested options under Employee Stock Option Plan VII (ESOP). The company's 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). The new shares rank pari-passu with existing equity shares. Exercise prices ranged from Rs. 169 to Rs. 350 per share with varying premiums. The disclosure was made under SEBI regulations governing share-based employee benefits.
This is a routine ESOP exercise with minimal dilution (0.011% increase in share capital). The impact on stock price is negligible, though it reflects ongoing employee stock compensation at the company.