Please find enclosed intimation of Allotment of 24,500 Equity Shares under ESOP Scheme-2022
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Pearl Global Industries has allotted 24,500 equity shares of face value Rs. 5 each to eligible employees who exercised their stock options under the company's ESOP 2022. The shares were allotted on May 18, 2026, at exercise prices of Rs. 162.50 and Rs. 675 per share. After this allotment, the total issued share capital stands at Rs. 23,09,20,585 divided into 4,61,84,117 equity shares. The newly allotted shares are identical to existing shares and are not subject to any lock-in period. This is a routine ESOP exercise and has been disclosed as per SEBI regulations.
Minimal impact on shareholders as this is a small secondary issuance of 24,500 shares (0.05% dilution) to employees. The shares carry no lock-in and will be freely tradeable, causing negligible dilution for existing shareholders.