Ramkrishna Forgings Limited has informed the Exchange regarding Allotment of 16000 Equity Shares pursuant to Ramkrishna Forgings Limited - Employee Stock Option Plan 2015.
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Ramkrishna Forgings Limited has allotted 16,000 equity shares to Mr. Sakti Prasad Senapati under the company's ESOP 2015 scheme. The shares have a face value of Rs. 2 per share and were exercised at Rs. 80 per share (including a premium of Rs. 78). The shares are being transferred from the company's Employee Welfare Trust rather than newly issued, and are identical to existing shares in all respects. This is a routine disclosure under SEBI regulations for share-based employee benefits.
The share issuance is dilutive but minimal in magnitude relative to the company's total share capital. It represents standard employee compensation through stock options, indicating the company uses equity to retain talent. The transfer from the Employee Welfare Trust means no fresh capital is being raised.