Refex Industries Limited has informed the Exchange regarding Allotment of 98,334 equity shares of ₹2/- each, in lieu of exercise of 98,334 employees stock options ( ESOPs ) 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 Limited has allotted 98,334 equity shares of face value ₹2 each to eligible employees who exercised their vested stock options under the Refex Employee Stock Option Scheme 2021. The Nomination and Remuneration Committee approved this allotment on June 05, 2025. Following this allotment, the company's paid-up equity share capital has increased from ₹25,83,64,546 (12,91,82,273 shares) to ₹25,85,61,214 (12,92,80,607 shares). The company realized ₹33,55,557 from the exercise of these options, with exercise prices ranging from ₹14.60 to ₹95.00 per share across different tranches of time-based and performance-based options. The newly issued shares rank pari-passu with existing equity shares and are allotted in dematerialized form.
This is a routine ESOP exercise disclosure with minimal impact on shareholders — a marginal dilution of about 0.008% (98,334 out of 12.92 crore shares) and no material effect on stock price. It signals that employees are being rewarded and retained through the company's stock option programme.