Ramco Systems Limited has informed the Exchange regarding Allotment of 97747 Shares.
RAMCOSYS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ramco Systems Limited has announced the allotment of 97,747 equity shares of Rs.10 each following the exercise of stock options by employees. The shares were allotted under three Employee Stock Option Schemes: 6,471 options from ESOS 2013, 11,625 from ESOS 2014, and 79,651 from ESOS 2022. As a result, the company's paid-up equity share capital increased from Rs.37,46,16,440 to Rs.37,55,93,910, and total equity shares rose from 3,74,61,644 to 3,75,59,391. Key personnel including the Chief Operating Officer received 18,000 shares and the Chief Financial Officer received 3,750 shares. The company will apply for listing and trading permission for these shares shortly.
This is a routine dilution from employee stock option exercises and represents a minor increase in share capital. The dilution is spread across multiple employees and key management, with no immediate material impact on existing shareholders. The shares will become tradable once listing permissions are received.