Polycab India Limited has informed the Exchange regarding Allotment of 23860 Shares.
POLYCAB · price
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Polycab India Limited's Finance and Operations Committee, in a meeting held on May 22, 2026, allotted 23,860 equity shares of face value ₹10 each to eligible employees who exercised their options under the Polycab Employee Stock Option Performance Scheme 2018. This is a routine ESOP exercise event. The shares were issued at the applicable exercise price as per the scheme terms. The company has informed both BSE and NSE to take the allotment on record.
This is a minor equity dilution (23,860 shares) and has negligible direct impact on the stock price. The event reflects management's use of equity compensation to retain and reward employees.