Paradeep Phosphates Limited has informed the Exchange regarding 'Intimation for Allotment of 2,01,605 number of Equity shares pursuant to exercise of options under PPL- Employee Stock Option Plan 2021 ( ESOP - 2021 ).'.
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Paradeep Phosphates has allotted 2,01,605 equity shares (face value Rs. 10 each) to eligible employees who exercised stock options under the company's ESOP-2021 plan. These shares were issued at different exercise prices: 79,249 shares at Rs. 42, 79,062 shares at Rs. 51, 38,574 shares at Rs. 56, and 4,720 shares at Rs. 64. With this allotment, the total number of equity shares rose from 1,03,79,68,989 to 1,03,81,70,594, and the paid-up share capital increased from about Rs. 1,037.97 crore to Rs. 1,038.17 crore. The newly issued shares will rank equally with existing shares and carry no lock-in restrictions. The allotment was approved by the Nomination and Remuneration Committee on February 27, 2026.
This is a routine ESOP allotment with a minor dilution of about 0.019% to existing shareholders. It is unlikely to have any meaningful impact on the stock price.