Intimation w.r.t allotment of ESOP (Re-uploaded the said intimation, as in the previous submission the subject was mentioned as "grant of ESOP" instead of "allotment of ESOP" in the ....
POONAWALLA · price
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Poonawalla Fincorp's Nomination and Remuneration Committee has allotted 1,63,243 equity shares of Rs. 2 each to employees under the company's ESOP 2021 scheme. Following this allotment, the company's paid-up equity share capital increases to Rs. 176.09 crore, comprising 88,04,79,991 shares. The newly allotted shares will rank equally with existing equity shares in all respects. This is a routine corporate action under SEBI Listing Regulations, re-submitted to correct the previous filing's subject line from 'grant of ESOP' to 'allotment of ESOP'.
Minor shareholder dilution of approximately 0.19% from this ESOP exercise. The impact on stock price is negligible as this is a routine employee compensation exercise and not a public offering.