Please be informed that the Company has allotted 8,204 Equity shares pursuant to RKF Limited Employee Stock Option Scheme 2023.
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Ramkrishna Forgings Limited has allotted 8,204 equity shares to two employees under its ESOP Scheme 2023. Mr. Kishor Dadasaheb Bhosale received 7,404 shares and Mr. Pawan Kumar Kedia received 800 shares. The shares have a face value of Rs. 2 each with an exercise price of Rs. 556 per share (a premium of Rs. 554). The shares are being transferred from the company's Employee Welfare Trust and are identical in all respects to existing equity shares, ranking pari passu. The total dilution is minimal at 8,204 shares.
This is a routine ESOP exercise with negligible dilution (8,204 shares). The high exercise price of Rs. 556 indicates employees are exercising in-the-money options at market rates. No material impact on stock price or shareholder value expected.