Premier Energies Limited has informed the Exchange regarding Allotment of equity shares to the PEL ESOP Trust ( ESOP Trust ) - Employee Stock Option Plan, 2025 (ESOP Scheme).
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Premier Energies Limited has allotted 9,57,142 equity shares of face value ₹1 each to the PEL ESOP Trust under the Employee Stock Option Plan, 2025. The shares were issued at an exercise price of ₹700 per share, representing a premium of ₹699 per share. This allotment is part of the first phase where up to 45,00,000 shares were approved for issuance to the ESOP Trust out of the total 90,15,487 shares approved by shareholders. Following this allotment, the company's paid-up share capital increased from 45,29,94,368 shares to 45,39,51,510 shares.
The allotment results in minor equity dilution of approximately 0.21%. The shares will be held by the ESOP Trust until eligible employees exercise their stock options. This is a routine ESOP allocation with no immediate impact on the stock price or shareholder value.