Prataap Snacks Limited has informed the Exchange regarding Exercise of 6981 Options.
DIAMONDYD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Prataap Snacks Limited has allotted 6,981 equity shares to eligible employees who exercised their Employee Stock Appreciation Rights (ESARs) under the company's ESARP 2018 plan. The shares were issued at an exercise price of Rs. 1,102 per share (with a premium of Rs. 1,097 over the Rs. 5 face value). After this allotment, the company's total paid-up share capital has risen to Rs. 11.95 crore, divided into 2.39 crore equity shares of Rs. 5 each. The new shares rank equally with existing shares and have no lock-in restrictions. The dilution from this allotment is very small, at roughly 0.03% of the total share count.
This is a routine ESAR exercise with negligible dilution impact for existing shareholders. It signals that employees are finding value in the stock at current levels (exercise price of Rs. 1,102), but the small size means no material effect on share price or shareholder value.