Refex Industries Limited has informed the Exchange regarding allotment of 69859 equity shares of Rs. 2 each in lieu of exercise of 69859 ESOPs granted to eligible employees of the Company
REFEX · price
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Refex Industries has allotted 69,859 equity shares of face value ₹2 each to eligible employees who exercised their vested stock options under the Refex Employee Stock Option Scheme 2021. With this allotment, the company's total issued equity shares increased from 13,71,29,532 to 13,71,99,391, and the paid-up share capital rose from ₹27,42,59,064 to ₹27,43,98,782. The company realized ₹25.42 lakh from this exercise, with shares priced at ₹20.40, ₹95.00, and ₹14.60 per share depending on the tranche. The new shares rank equally with existing shares and were allotted in dematerialized form with no lock-in restrictions.
This is a routine ESOP allotment with a very small dilution of about 0.005% to existing shareholders. It is unlikely to have any meaningful impact on the stock price, as the dilution is negligible and simply reflects employees cashing in on previously granted stock options.