Meesho Limited has informed the Exchange regarding Allotment of 5604880 Shares.
MEESHO · price
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Meesho Limited's Nomination and Remuneration Committee approved the allotment of 5,604,880 equity shares of Re. 1 each to eligible employees. These shares were issued upon exercise of vested options under the company's ESOP 2024 Plan. Following this allotment, the company's paid-up equity share capital increased from Rs. 4,59,26,96,771 to Rs. 4,59,83,01,651. The newly allotted shares will rank equally with existing equity shares in all respects.
This is a routine ESOP-related share allotment that will cause minor dilution to existing shareholders. The increase in share capital is approximately 0.12%, which has a marginal impact on per-share metrics.