Meesho Limited has informed the Exchange regarding Allotment of 13913282 shares.
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 issued and paid-up share capital increased from Rs. 4,57,35,34,576 to Rs. 4,58,74,47,858 as a result. The new shares rank pari-passu with existing equity shares in all respects. This is a routine ESOP exercise event, diluting existing shareholders marginally by approximately 0.30%.
Minor share dilution of around 0.30%, with no material impact on the stock. This reflects employee compensation through equity and is a normal post-listing event for the recently listed Meesho.