Intimation w.r.t allotment of equity shares pursuant to exercise of ESOP
MEESHO · price
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Meesho Ltd's Nomination and Remuneration Committee has approved the allotment of 52,48,913 equity shares of Re. 1/- each to eligible employees, upon exercise of vested options under the ESOP 2024 Plan. Following this allotment, the company's issued, subscribed and paid-up equity share capital has increased from Rs. 4,58,74,47,858 to Rs. 4,59,26,96,771. The newly allotted shares rank pari-passu with existing equity shares. This is a routine employee stock option exercise and does not involve any fresh capital raise.
Share count increases marginally due to ESOP exercise. No immediate dilution concern; this is a standard employee compensation event where options are exercised, not a fresh equity raise.