Radico Khaitan Limited has informed the Exchange regarding Allotment of 33417 Shares.
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Radico Khaitan Limited has approved the allotment of 33,417 equity shares to eligible employees who exercised their stock options under the Employee Stock Option Scheme, 2006 (ESOP 2006). The shares have a par value of Rs. 2 each. The exercise was done at two price points: 22,694 shares at Rs. 928.05 and 10,723 shares at Rs. 1,015.37. Following this allotment, the company's paid-up equity share capital stands at Rs. 26,78,62,700 divided into 13,39,31,350 shares. The new shares will rank pari passu with existing shares and no lock-in applies.
This is a routine share issuance under the employee stock option scheme, resulting in minimal dilution. The small number of shares (33,417) represents an insignificant percentage of total shares outstanding and is unlikely to have any material impact on the stock price.