Disclosure Under Regulation 30 of SEBI (LODR) Regulations 2015 - Allotment of 2,73,925 equity shares of Rs. 2 /- each in lieu of exercise of 2,73,925 employees'' stock options (ESOP) granted to the eligible employees of the Company in terms of Refex Employee Stock Option Scheme 2021
REFEX · price
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Refex Industries has issued and allotted 2,73,925 equity shares of face value Rs. 2 each to eligible employees who exercised their stock options under the company's Employee Stock Option Scheme 2021. The disclosure is made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. This is a routine regulatory disclosure informing the exchange about the share allotment pursuant to ESOP exercise. As a result of this allotment, the total paid-up equity share capital of the company has increased accordingly.
This is a routine ESOP-driven share issuance and will result in a small dilution for existing shareholders. It is unlikely to have any meaningful impact on the stock price as it reflects employee compensation rather than a fundraising event.