Intimation for Allotment of 1,17,000 Equity shares upon exercise of stock options under RML Employee Stock Option Plan II, 2023
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Rose Merc Ltd has allotted 1,17,000 equity shares to eligible employees who exercised their stock options under the company's RML Employee Stock Option Plan II, 2023. Each share has a face value of Rs. 10 and was issued at an exercise price of Rs. 60 per share, meaning the company collected Rs. 70.20 lakh from this exercise. Post-allotment, the company's total paid-up equity share capital stands increased to Rs. 5.65 crore, consisting of 56,54,268 equity shares. The new shares carry no lock-in period and rank equally (pari-passu) with existing equity shares in all respects.
This is a routine ESOP allotment causing a marginal dilution of around 2.1% in share count (from 55,37,268 to 56,54,268 shares). The impact on existing shareholders is minimal, though the small cash inflow of Rs. 70.20 lakh is a positive for company funds.