Moschip Technologies Limited has informed the Exchange regarding allotment of 266939 securities pursuant to ESOP/ESPS at its meeting held on April 13, 2026
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Moschip Technologies Limited's Nomination and Remuneration Committee has approved the allotment of 266,939 equity shares of Rs. 2/- face value each to eligible employees. This allotment was made pursuant to the exercise of vested stock options under the company's various ESOP schemes. The newly issued shares will carry equal rights as existing equity shares. Following this allotment, the company's total paid-up equity share capital has increased from 19,38,66,537 to 19,41,33,476 shares. This is a routine corporate action under the company's employee stock option plans.
This is a routine ESOP exercise that results in minor share dilution for existing shareholders. The dilution is marginal at approximately 0.14% and has no material impact on the stock. The allotment reflects the company's ongoing use of employee stock incentives as part of compensation.