Meesho Limited has informed the Exchange regarding Allotment of 5248913 Shares.
MEESHO · price
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Meesho Limited's Nomination and Remuneration Committee approved the allotment of 5,248,913 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 increased from Rs. 4,58,74,47,858 to Rs. 4,59,26,96,771. The new shares will rank pari-passu with existing equity shares.
This is a routine ESOP exercise resulting in minor share dilution for existing shareholders. The increase in share capital is approximately 0.11%, which has minimal impact on existing shareholders' ownership percentage.