Nippon Life India Asset Management Limited has informed the Exchange regarding Allotment of 104971 Shares.
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On February 23, 2026, the Allotment Committee of Nippon Life India Asset Management Limited approved the issuance of 1,04,971 equity shares of face value Rs. 10 each to employees under four stock option plans. The breakdown is 25,622 shares under ESOP 2017 (grant price Rs. 202.50), 77,101 shares under ESOP 2019 (grant prices ranging from Rs. 223.32 to Rs. 372.71), 1,945 shares under ESOP 2023 (grant price Rs. 499.76), and 303 shares under PSU 2023 (grant price Rs. 10). Following this allotment, the company's paid-up equity share capital increased to 63,72,59,977 shares (Rs. 637.26 crore) from 63,71,55,006 shares previously. The new shares will rank equally with existing equity shares in all respects.
This is a routine ESOP-related share issuance with negligible dilution of about 0.16% to existing shareholders. The grant prices are well below current market levels, meaning employees exercising options receive shares at a discount, but the overall impact on share price or shareholder value is minimal.