Ramco Industries Limited has informed the Exchange regarding Exercise of 32500 Options.
RAMCOIND · price
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The Nomination and Remuneration Committee of Ramco Industries approved the allotment of 32,500 equity shares of Re.1 each, arising from the exercise of stock options under the Employee Stock Option Scheme 2021 — Plan A. As a result, the company's equity share capital increased from 8,68,09,060 shares to 8,68,41,560 shares. The new paid-up share capital now stands at Rs.8,68,41,560. The company will shortly apply for listing and trading permission for these newly issued shares.
This is a routine ESOP allotment with a very small dilution (about 0.04% increase in share count), so it is unlikely to have any meaningful impact on the stock price or shareholder value. Existing shareholders will see a marginal dilution of their holdings.