S. P. Apparels Limited has informed the Exchange regarding Outcome of Committee Meeting held on March 02, 2026.
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S. P. Apparels Limited's Nomination and Remuneration Committee approved the allotment of 46,283 fully paid-up equity shares on March 2, 2026, under the company's ESOP 2024 plan. The shares were issued at Rs. 250 each (Rs. 10 face value plus Rs. 240 premium), bringing in approximately Rs. 1.16 crore to the company. After this allotment, the total issued share capital stands at Rs. 25.14 crore divided into 2,51,38,883 equity shares. This is a routine ESOP exercise, with no lock-in period applicable on the newly issued shares.
This is a small, routine ESOP allotment representing less than 0.2% dilution to existing shareholders. Minimal impact on stock price; the new shares are identical to existing equity and carry no lock-in restrictions.