Allotment of Equity Shares under QDL ESOP Plan
QUINT · price
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Quint Digital's board approved the allotment of 25,500 equity shares (face value Rs. 10 each) to eligible employees who exercised vested stock options under the QDL ESOP Plan 2020. The exercise price was Rs. 14.90 per share, generating Rs. 3,79,950 for the company. As a result, the paid-up share capital rose marginally from Rs. 47,18,25,080 (4,71,82,508 shares) to Rs. 47,20,80,080 (4,72,08,008 shares). The new shares will rank equally with existing shares, carry no lock-in, and the company has applied to BSE for the final listing approval. This is part of the broader ESOP pool of 25,18,978 shares approved under the 2020 plan.
This is a routine ESOP allotment with negligible dilution (about 0.005% increase in share count) and no material impact on shareholders. The exercise price is well below current market levels, but the small size means the effect on earnings per share and stock price is minimal.