Intimation of Allotment of 40,155 Employee Stock Options
SHAILY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shaily Engineering Plastics has allotted 40,155 equity shares to eligible employees who exercised their stock options under the Shaily Employee Stock Option Plan 2019. The shares were issued at exercise prices of Rs. 732 and Rs. 684 per share (face value Rs. 2 each), raising approximately Rs. 29.3 crore. Following this allotment, the company's paid-up equity capital increased from Rs. 9,19,10,186 to Rs. 9,19,90,496, with total shares increasing from 4,59,55,093 to 4,59,95,248. The diluted earnings per share stands at Rs. 34.97. This is a routine ESOP exercise with no change in control or significant ownership dilution.
Minimal impact on existing shareholders as this is a small dilution (0.087%) from ESOP exercise. The exercise prices are above current book value, indicating in-the-money options for employees.