Metro Brands Limited has informed the Exchange about Options to purchase securities
METROBRAND · price
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Metro Brands has allotted 69,263 equity shares (face value ₹5 each) to eligible employees under its Metro Stock Option Plan (ESOP 2008) following the exercise of stock options. The exercise prices varied across four tranches: ₹228 (66,834 shares), ₹488.25 (1,707 shares), ₹563.36 (522 shares), and ₹649.95 (200 shares). With this allotment, the company's total paid-up equity share capital has risen from ₹136.24 crore to ₹136.27 crore, with total shares now standing at 27,25,46,738. The company has clarified that this allotment is not material in nature.
This is a routine ESOP allotment with no material impact on shareholders. The share dilution is negligible (under 0.03% increase in share count) and reflects employees exercising vested stock options, which is a standard corporate action.