Intimation for allotment of 12000 Equity shares upon exercise of stock options under "RML Employee Stock Option Plan II, 2023".
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Rose Merc Ltd has allotted 12,000 equity shares (face value Rs. 10) to employees who exercised stock options under its ESOP scheme (RML ESOP II, 2023). The company collected Rs. 18 lakh from this exercise, as the exercise price was Rs. 150 per share (a Rs. 140 premium over face value). After this allotment, the total paid-up equity share capital rises to Rs. 5.94 crore, consisting of 59,42,824 shares. The scheme originally covered 21,95,000 stock options for 5 eligible employees, and this is a partial exercise. The new shares carry no lock-in and rank equally with existing shares.
This is a small, routine ESOP allotment that causes minor dilution (about 0.2% increase in share count). It has no material impact on shareholders' value or stock price, as shares were issued at a premium and to employees, not to the market.