Ravindra Energy Limited has informed the Exchange regarding allotment of 70,000 equity shares of face value of Rs. 10/- each pursuant to ESOP exercise by circular resolution deemed to be passed on March 06, 2026.
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Ravindra Energy Limited has allotted 70,000 equity shares to eligible employees who exercised their stock options under the 'Ravindra Energy Employee Stock Option Plan, 2022'. The shares have a face value of Rs. 10 each and were issued at an exercise price of Rs. 100 per share (Rs. 90 premium), bringing in a total of Rs. 70 lakhs to the company. Following this allotment, the company's paid-up equity share capital has increased to Rs. 178.62 crore, comprising 17,86,24,463 equity shares. The newly issued shares rank equally with existing shares, carry no lock-in period, and will be issued in dematerialized form.
This is a routine, small-scale ESOP allotment representing just 0.04% of the total paid-up share capital, so it is unlikely to have any material impact on the stock price. The dilution is negligible and the company has confirmed no additional listing fees are required.