Intimation for Allotment of 25000 Equity Shares upon exercise of stock options under "RML Employee Stock Option Plan II, 2023.
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Rose Merc Ltd has allotted 25,000 equity shares to eligible employees who exercised their stock options under the RML ESOP II 2023 plan. The shares were issued at Rs. 150 per share (face value Rs. 10, premium Rs. 140), bringing in Rs. 37.5 lakh to the company. After this allotment, the total paid-up equity share capital stands at Rs. 5,97,78,240, comprising 59,77,824 equity shares of Rs. 10 each. The new shares will rank equally with existing shares and are not subject to any lock-in period. This is a small allotment from a larger pool of 21,95,000 stock options previously granted to 5 employees under the same ESOP scheme.
This is a routine ESOP allotment with a very small dilution (25,000 shares out of ~59.78 lakh total), so it is unlikely to have any meaningful impact on share price or shareholder value. Shareholders should note a marginal increase in share count and a modest inflow of Rs. 37.5 lakh to the company.