Poonawalla Fincorp Limited has informed the Exchange regarding Allotment of 593688 Shares.
POONAWALLA · price
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Poonawalla Fincorp has allotted 593,688 equity shares of face value Rs. 2 each to employees under the company's Employee Stock Option Plan (ESOP) 2021. The allotment was approved by the Nomination and Remuneration Committee on June 19, 2025. These new shares will rank equally with existing shares in all respects. After this allotment, the total paid-up share capital rises to Rs. 155.78 crore, comprising 77.89 crore equity shares of Rs. 2 each.
This is a routine ESOP allotment that slightly dilutes existing shareholders' holdings. The impact on stock price is generally minimal as the number of shares issued is small compared to total outstanding shares.