Meesho Limited has informed the Exchange regarding Allotment of 9479380 Shares.
MEESHO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Meesho Limited's Nomination and Remuneration Committee has approved the allotment of 9,479,380 equity shares of Re. 1/- each to eligible employees. These shares were allotted upon exercise of vested options under the Company's ESOP 2024 Plan. Following this allotment, the company's paid-up equity share capital has increased from Rs. 4,56,40,55,196 to Rs. 4,57,35,34,576. The newly allotted shares will rank pari-passu with existing equity shares in all respects. This is a routine disclosure under SEBI Listing Regulations for ESOP exercises.
This represents a minor dilution of approximately 0.21% in existing shareholder holdings due to new share issuance under the employee stock option plan. The impact on the stock price is expected to be negligible given the small size of the allotment.