NACL Industries Limited has informed the Exchange regarding Allotment of 221665 Shares.
NACLIND · price
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NACL Industries Limited has allotted 2,21,665 equity shares of ₹1 each to employees who exercised their vested stock options under the company's ESOS-2020 employee stock option scheme. The exercise price ranged from ₹64 to ₹282 per share, with a weighted average of ₹67.42. As a result, the total equity share capital of the company has increased from 20,12,03,148 to 20,14,24,812 shares. The newly issued shares will rank equally with existing shares and carry no lock-in restrictions. The Nomination and Remuneration Committee also noted the closure of the older ESOS-2015 scheme.
This is a routine ESOP allotment resulting in minor dilution of approximately 0.11% for existing shareholders. No material impact on stock price is expected as the shares are issued directly to employees at a weighted average price (₹67.42) which is well above face value.