Intimation w.r.t allotment of equity shares pursuant to exercise of ESOP
MEESHO · price
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Meesho Limited's Nomination and Remuneration Committee approved the allotment of 13,913,282 equity shares of Re. 1/- each to eligible employees upon exercise of vested options under the ESOP 2024 Plan. The company's paid-up equity share capital increased from Rs. 4,57,35,34,576 to Rs. 4,58,74,47,858 as a result of this allotment. The newly allotted shares will rank pari-passu with existing equity shares. This is a routine ESOP exercise event and does not involve any fresh capital raise from external investors.
Minor dilution for existing shareholders as equity shares were issued to employees exercising their stock options. The impact on per-share metrics is marginal given the relatively small size of the allotment compared to the total share capital.