Intimation for allotment of equity shares pursuant to exercise of options under Employee Stock option
ONWARDTEC · price
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Onward Technologies Limited has allotted 6,800 equity shares to eligible employees who exercised their vested options under the Employee Stock Option Scheme 2019 (ESOP 2019). The shares have a face value of ₹10 each with a premium of ₹10 per share, making the exercise price ₹20 per share. The total issued share capital after this allotment stands at 2,27,60,670 equity shares valued at ₹22,76,06,700. The new shares will rank pari-passu with existing equity shares. This is a routine compliance filing under SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
This is a minor equity dilution of approximately 0.03% from the existing share capital. The impact on shareholders and stock price should be negligible, as ESOP exercises are regular corporate events and the number of shares issued is very small relative to the total outstanding shares.