R R Kabel Limited has informed the Exchange regarding allotment of equity shares under the RR Kabel ESOP Plan 2020.
RRKABEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
R R Kabel's Finance and Allotment Committee allotted 4,448 equity shares (face value ₹5 each) to an eligible employee who exercised vested stock options under the RRKL ESOP 2020 plan. The exercise price was ₹450 per share, implying a premium of ₹445 over face value. As a result, the company's paid-up equity share capital rose marginally from ₹56,55,05,285 (11,31,01,057 shares) to ₹56,55,27,525 (11,31,05,505 shares). The newly issued shares carry no lock-in and will rank equally with existing equity shares. The disclosure has been filed with both BSE and NSE as required under SEBI's Share Based Employee Benefits Regulations.
The dilution from this allotment is negligible at roughly 0.04% of total share count, so it is unlikely to have any meaningful effect on the stock price. This is a routine ESOP exercise disclosure.