Intimation of allotment of 8,410 equity shares pursuant to exercise of ESOP
RGL · price
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Renaissance Global Ltd's Nomination and Remuneration Committee approved the allotment of 8,410 equity shares to employees who exercised their vested stock options under the RGL ESOP 2021 scheme. The shares have a face value of Rs. 2/- each and were issued at Rs. 110/- per share (including a premium of Rs. 108/-), raising Rs. 9,25,100 for the company. The paid-up share capital increased marginally from Rs. 21,46,50,942 to Rs. 21,46,67,762, with total shares rising from 10,73,25,471 to 10,73,33,881. The new shares will rank pari passu with existing equity shares for dividends and voting rights.
This is a routine ESOP exercise with negligible dilution (8,410 shares out of over 1 billion total shares). The impact on existing shareholders' value or earnings per share is minimal, though it reflects employee participation in the company's stock ownership scheme.