Physicswallah Limited has informed the Exchange regarding Allotment of 28908108 Equity Shares upon exercise of vested options.
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Physicswallah Limited has allotted approximately 2.89 crore equity shares of INR 1 face value each to employees who exercised their vested stock options under the ESOP Plan 2022. This exercise involved 80,30,030 options at INR 1 per option, raising INR 80.30 lakh for the company. The large number of shares (compared to options exercised) is due to adjustments from a bonus issue of 35 equity shares for every 1 equity share approved in March 2025. Following the allotment, the company's paid-up capital increased from INR 285.97 crore to INR 288.86 crore. The diluted earnings per share stands at INR 0.34 based on Q3FY26 earnings.
This is a routine ESOP-related dilution with no immediate impact on the stock price. The exercise price of INR 1 per share is significantly below market, indicating employee incentives, but the actual market value impact depends on current stock price. The large share count reflects past bonus adjustments rather than fresh wealth transfer.