The Nomination & Remuneration Committee of Board of Directors of the Company has vide Circular Resolution dated April 23, 2025 approved allotment of 37800 equity shares of Rs.10/- each ....
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Awaiting price reaction for this filing.
Odyssey Technologies has allotted 37,800 equity shares of Rs. 10 face value each at an exercise price of Rs. 15 (Rs. 5 premium) under its Employee Stock Option Scheme 2019 (First Grant 2021), upon the third vesting. With this allotment, the company's total paid-up equity share capital has risen to Rs. 15,90,48,750 divided into 1,59,04,875 equity shares. The newly issued shares are pari-passu with existing shares, carry no lock-in, and are listed on BSE (Scrip Code: 530175). The company has clarified that this allotment is not material in nature.
This is a small ESOP allotment with negligible dilution (~0.024% increase in share count), so it is unlikely to have any meaningful effect on the stock price or shareholder value. It signals routine employee compensation activity rather than any strategic corporate action.