Oswal Pumps Limited has informed the Exchange regarding Allotment of 27483 Shares.
OSWALPUMPS · price
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Oswal Pumps Limited's Nomination & Remuneration Committee has approved allotment of 27,483 equity shares of Re. 1 each to employees. These shares were issued upon exercise of stock options granted under the company's 'Oswal Pumps Employee Stock Option Plan – 2024'. The paid-up equity share capital has increased from Rs. 11,39,77,414 to Rs. 11,40,04,897, reflecting the new share issuance. This represents a minor dilution of approximately 0.024% for existing shareholders.
This is a routine corporate action resulting in minor share dilution. The impact on existing shareholders is negligible given the small number of shares (27,483) relative to the total outstanding shares (~11.4 crore). The shares are being issued to employees as part of their compensation under the ESOP scheme.