Nuvama Wealth Management Limited has informed the Exchange regarding Allotment of 71851 Shares.
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Nuvama Wealth Management Limited has approved the allotment of 71,851 equity shares of Rs. 2 face value each, fully paid-up, to employees upon exercise of stock options under its Employee Stock Option Scheme (ESOP) and Employee Stock Appreciation Rights Plan (ESAR). The equity share capital has increased from 18,21,79,612 shares to 18,22,51,463 shares as a result of this allotment. This is a routine corporate action related to employee compensation through equity-based plans. The shares were issued to employees as part of their vested ESOP/ESAR benefits.
This is a routine equity dilution from ESOP/ESAR exercises with minimal per-share impact. No significant shareholder value impact expected; shares are fully paid and issued to existing employees as compensation.