S. P. Apparels Limited has informed the Exchange regarding Allotment of 46283 Shares.
SPAL · price
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S. P. Apparels Limited has allotted 46,283 fully paid-up equity shares to employees who exercised stock options under the SPAL Employee Stock Option Plan 2024. The shares were issued at Rs. 250 each (Rs. 10 face value plus Rs. 240 premium), generating Rs. 1.16 crore for the company. The Nomination and Remuneration Committee approved this allotment at its meeting on March 2, 2026. After this issuance, the total number of issued shares stands at 2,51,38,883 equity shares. There is no lock-in period on these shares, and they are identical in all respects to existing equity shares.
This is a minor dilution event from an employee stock option exercise, increasing the share count by about 0.18%. The impact on existing shareholders is negligible, and the Rs. 1.16 crore inflow strengthens the company's equity base slightly.