PG Electroplast Limited has informed the Exchange about General Updates- Outcome of the NRC meeting held on April 20, 2026
PGEL · price
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PG Electroplast's Nomination and Remuneration Committee approved the allotment of 2,44,250 equity shares of Rs. 1 each to the company's Employees Welfare Trust under the ESOP Scheme 2020. This allotment increased the company's paid-up equity share capital from Rs. 28,53,42,658 to Rs. 28,55,86,908. The shares were allotted at their face value of Rs. 1 per share. This is a routine corporate action related to employee stock option exercises.
The issuance of new shares under the ESOP scheme results in modest dilution of existing shareholders' stake. The impact is minimal as the allotment represents only about 0.09% of total shares outstanding. No immediate impact on stock price expected.