Patanjali Foods Limited has informed the Exchange about Intimation of allotment of 1,86,082 equity shares of face value of Rs. 2/- each pursuant to exercise of options under PFL Employee Stock Option Plan 2023 ( ESOP 2023 / Plan )
PATANJALI · price
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Patanjali Foods has allotted 1,86,082 equity shares of face value Rs. 2 each to eligible employees who exercised their stock options under the PFL Employee Stock Option Plan 2023. The shares were issued at an exercise price of Rs. 420.75 per share, which includes a premium of Rs. 418.75 per share. After this allotment, the company's total issued share capital has risen from 1,08,79,18,113 shares to 1,08,81,04,195 shares, with the total paid-up capital now standing at Rs. 217,62,08,390. The newly issued shares carry no lock-in and rank equally with existing shares, including for dividend purposes.
This is a routine ESOP exercise causing very minor dilution of about 0.017% to existing shareholders. It is a positive signal that employees are being incentivised through the stock plan, but the impact on share price or shareholder value is negligible.