Pearl Global Industries Limited has informed the Exchange regarding Allotment of 14650 Shares.
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Pearl Global Industries Limited has allotted 14,650 equity shares of face value Rs. 5 each to eligible employees who exercised their stock options under the company's Employee Stock Option Plan 2022. The exercise prices were Rs. 150, Rs. 375, and Rs. 448 per share. The newly issued shares carry no lock-in period and are identical in all respects to existing shares. Post-allotment, the total issued share count stands at 4,59,49,817 shares, translating to a total issued share capital of approximately Rs. 22.97 crore. The allotment was made on May 8, 2025, by the Nomination and Remuneration Committee.
This is a very small ESOP-driven dilution of just 14,650 shares (roughly 0.003% of total shares outstanding), so it is essentially immaterial to existing shareholders and unlikely to have any meaningful effect on the stock price.