Intimation for Allotment of 10,000 Equity Shares upon exercise of stock options under "RML Employee Stock Option Plan II, 2023".
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Rose Merc Limited has allotted 10,000 equity shares of Rs. 10 face value to employees who exercised stock options under the 'RML Employee Stock Option Plan II, 2023'. The exercise price was Rs. 150 per share, bringing in Rs. 15 lakh to the company. After this allotment, the company's total issued and paid-up equity share capital stands at Rs. 5,95,28,240, comprising 59,52,824 equity shares. The scheme had previously granted 21,95,000 stock options to 5 eligible employees, and these newly issued shares carry no lock-in and rank equally with existing shares.
This is a routine, small-scale ESOP allotment (10,000 shares) that causes minor dilution of less than 0.2% of total share capital and is unlikely to have any meaningful impact on the stock price or shareholder value.