Senco Gold Limited has informed the Exchange regarding Allotment of 31977 Equity Shares pursuant to exercise of Employee Stock Options..
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Senco Gold Limited has allotted 31,977 equity shares of face value Rs. 5/- each to eligible employees who exercised their stock options under the ESOP Scheme 2018. Of these, 26,377 shares were exercised at Rs. 237 per share (Tranche-IV) and 5,600 shares at Rs. 125 per share (Tranche-I). Following the allotment, the company's paid-up equity share capital increased marginally from Rs. 81,90,33,360 to Rs. 81,91,93,245. The total number of equity shares increased from 16,38,06,672 to 16,38,38,649. The newly allotted shares will rank equally with existing equity shares.
The dilution to existing shareholders is minimal at approximately 0.02%, as only a small number of shares were issued. This is a routine ESOP exercise and has no material negative impact on existing shareholders. The shares were issued at prices significantly above face value, indicating the options were in-the-money for employees.