Please find attached intimation related to allotment of ESOP on 25.04.2025 upon exercise of vested options.
Awaiting price reaction for this filing.
Godawari Power and Ispat Limited (GPIL) has allotted 2,84,038 equity shares of face value Re. 1 each to eligible employees who exercised their vested stock options under the GPIL ESOP 2023 plan on April 25, 2025. The options were exercised at Rs. 116.20 per share, bringing in Rs. 3.30 crore to the company. The allotment came from the first and second grants made in January and March 2024 (originally priced at Rs. 581 per share, later adjusted to Rs. 116.20 following a 1:5 stock split). As a result, the company's paid-up equity capital increased from Rs. 66.90 crore to Rs. 66.93 crore.
This is a routine ESOP allotment with a small dilution of about 0.42% to existing shareholders. The newly issued shares rank pari-passu with existing shares and carry no lock-in, so a small portion of supply may enter the market. The cash inflow of Rs. 3.30 crore is minor and not material to the company's financials; diluted EPS stands at Rs. 2.08.