Metro Brands Limited has informed the Exchange about Options to purchase securities
METROBRAND · price
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Metro Brands Limited has allotted 14,730 equity shares of ₹5 each to eligible employees under the ESOP 2008 scheme. The shares were exercised at an issue price of ₹228 for 12,149 shares. Following this allotment, the company's paid-up share capital increased marginally from ₹1,36,27,33,690 to ₹1,36,28,07,340. The company has clarified that this allotment is not material in nature, as the dilution is negligible at less than 0.001% of total shares. The filing complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
This is a routine ESOP exercise with minimal shareholder impact. The dilution is negligible and unlikely to affect the stock price. It represents normal employee compensation through equity.