Allotment of Equity Shares on exercise of Employees Stock Appreciation Rights (ESARs) under Prataap Employees Stock Appreciation Rights Plan 2018
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Prataap Snacks Limited has allotted 26,587 equity shares (face value Rs. 5 each) to eligible employees who exercised their Employee Stock Appreciation Rights (ESARs) under the company's ESARP 2018 plan. The shares were allotted on July 25, 2025 at an exercise price of Rs. 1,224 per share (premium of Rs. 1,219). After this allotment, the company's total paid-up equity share capital stands at Rs. 11.95 crore, divided into 2,39,00,012 equity shares. The new shares rank equally with existing shares and carry no lock-in restrictions. This is a routine employee benefit allotment disclosed under SEBI's SBEB Regulations.
This is a small dilution event (about 0.11% increase in share count) and is unlikely to materially affect shareholders or the stock price. It reflects the company honouring its employee incentive plan, which is a normal governance activity.