Disclosure of allotment of equity shares pursuant to Employee Stock Options Scheme, 2018 of Polycab India Limited
POLYCAB · price
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Polycab India Ltd has allotted 2,700 equity shares of face value ₹10 each to eligible employees who exercised their options under the Polycab Employee Stock Option Performance Scheme 2018. The allotment was approved by the Finance and Operations Committee on May 7, 2026. The company has informed BSE and NSE about this corporate action for their records. This is a routine disclosure related to employee stock option exercise, which increases the company's paid-up capital by a marginal amount.
The impact on shareholders is minimal as only 2,700 shares were allotted, which represents a very small percentage of total outstanding shares. This is a standard ESOP-related corporate action with no direct implications for stock price or dividends.