Ramco Systems Limited has informed the Exchange regarding Allotment of 24587 Shares.
RAMCOSYS · price
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Ramco Systems Limited's Stakeholders Relationship Committee approved the allotment of 24,587 equity shares of Rs. 10/- each. The shares were issued following the exercise of employee stock options across three schemes: ESOS 2013 (5,812 options), ESOS 2014 (9,825 options), and ESOS 2022 (8,950 options). As a result, the company's paid-up equity share capital increased from Rs. 37,55,93,910 to Rs. 37,58,39,780, and total equity shares rose from 3,75,59,391 to 3,75,83,978. The company will apply for listing and trading permission for these new shares shortly.
This is a routine dilution of equity due to ESOP exercises by employees. The impact on stock price is typically minimal as it's a known corporate action, though existing shareholders experience slight dilution of their ownership percentage.