Pearl Global Industries Limited has informed the Exchange regarding Allotment of 13600 Equity Shares under ESOP Scheme-2022
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Pearl Global Industries has allotted 13,600 equity shares of Rs. 5 face value each to eligible employees who exercised their stock options under the ESOP Plan 2022. The shares were issued at various exercise prices ranging from Rs. 150 to Rs. 675 per share. After this allotment, the total issued share capital stands at 4,61,59,617 shares (worth Rs. 23.08 crore). The newly allotted shares carry no lock-in restrictions and are identical to existing shares in all respects. This is a routine ESOP exercise notification under SEBI regulations.
The dilution is minimal at 0.03% of total shares, with negligible impact on existing shareholders. No material effect on stock price expected.