Allotment of 33,417 Equity Shares against exercise of Stock Options under Employee Stock Option Scheme, 2006.
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Radico Khaitan Limited's Nomination, Remuneration and Compensation Committee has approved the allotment of 33,417 equity shares of Rs. 2 each to eligible employees who exercised their stock options under the ESOP 2006 scheme. The exercise prices were Rs. 928.05 per share for 22,694 shares and Rs. 1,015.37 per share for 10,723 shares. Following this allotment, the company's paid-up equity share capital stands at Rs. 26,78,62,700 comprising 13,39,31,350 equity shares. The new shares will rank pari passu with existing equity shares and the company is completing listing formalities.
This is a routine corporate action for ESOP exercises with minimal impact on stock price or shareholder value. The dilution effect is negligible at 0.025% of total shares. No significant shareholder impact expected.