Onward Technologies Limited has informed the Exchange regarding allotment of 16000 securities pursuant to ESOP/ESPS at its meeting held on Jun 20, 2025
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Onward Technologies Limited allotted 16,000 equity shares to eligible employees who exercised their stock options under the Onward Employees Stock Option Plan 2019 (ESOP 2019) on June 20, 2025. The shares were issued at ₹20 each (₹10 face value plus ₹10 premium). After this allotment, the total number of issued shares stands at 2,27,31,970, with a total issued share capital of ₹22.73 crore. The new shares carry no lock-in restrictions and rank equally with existing equity shares of the company.
This is a small, routine ESOP allotment causing negligible dilution (about 0.007% of total share capital). It is unlikely to have any material impact on the stock price, though it signals continued employee participation in the company's long-term incentive plans.