Piccadily Agro Industries Limited has informed the Exchange regarding Outcome of Board Meeting held on March 06, 2026.
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Piccadily Agro Industries' board, at its meeting on March 6, 2026, approved the allotment of 2,092 equity shares of Rs. 10 each to eligible employees who exercised options under the Piccadily Agro Employee Stock Option Plan 2024. The exercise price was Rs. 10 per share (no premium). As a result, the company's paid-up equity capital rose marginally from Rs. 98,56,94,160 to Rs. 98,57,15,080, taking the total share count to 9,85,71,508 shares. The new shares carry no lock-in and will rank equally with existing equity shares.
This is a routine, very small ESOP allotment representing negligible dilution (~0.002% of share capital). No meaningful impact on shareholders or stock price is expected.