Moschip Technologies Limited has informed the Exchange regarding allotment of 304689 securities pursuant to ESOP/ESPS at its meeting held on March 17, 2026
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Moschip Technologies has allotted 3,04,689 equity shares (face value Rs. 2 each) to eligible employees who exercised their vested stock options under various MosChip Stock Option Schemes. The allotment was approved by the Nomination and Remuneration Committee via circular resolution on March 17, 2026. As a result, the company's total equity share count has increased from 19,35,61,848 to 19,38,66,537 shares, a dilution of roughly 0.16%. The newly issued shares will rank equally with existing shares in all respects.
This is a routine ESOP allotment and represents minimal dilution for existing shareholders. The new shares will be listed and tradable, adding a small amount of float to the stock but with no material impact on earnings per share or control.