Intimation of allotment of Equity Shares to ESOP Trust
PARAGMILK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Parag Milk Foods Ltd has allotted 5,00,000 equity shares of Rs. 10 each to its Employee Stock Option Trust under the Parag Milk Foods Limited - Employee Stock Option Scheme 2022. The Finance Committee approved this allotment at its meeting held on May 28, 2026. As a result, the company's paid-up equity share capital has increased from Rs. 125.10 crore (12,51,09,554 shares) to Rs. 125.61 crore (12,56,09,554 shares). The shares allotted to the ESOP Trust will be transferred to eligible employees upon exercise of their stock options at an exercise price of not less than Rs. 10 per option. This is a routine corporate action related to employee compensation through equity participation.
This ESOP allotment has a minimal dilutive effect on existing shareholders as the shares are being issued to an internal trust for employee benefit. The impact on stock price is expected to be neutral to slightly negative due to marginal equity dilution.