Intimation for Allotment of 20000 Equity shares upon exercise of stock options under "RML Employee Stock Options Plan II, 2023.
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Rose Merc Limited's Compensation Committee approved the allotment of 20,000 equity shares (face value Rs. 10 each) to eligible employees upon exercise of stock options under the RML Employee Stock Option Plan II, 2023. The exercise price was Rs. 150 per share, meaning the company raised Rs. 30 lakh (premium of Rs. 140 per share). After this allotment, the company's total paid-up equity share capital increased to Rs. 5,93,08,240, comprising 59,30,824 equity shares. The newly allotted shares will rank equally with existing shares and are not subject to any lock-in period.
This is a routine ESOP allotment with a minimal dilution impact (20,000 shares is roughly 0.34% of the expanded share base). It is unlikely to materially affect share price or shareholder value, though it slightly increases the total share count.