Shaily Engineering Plastics Limited has informed regarding Allotment of 40,155 Employee Stock Options
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Shaily Engineering Plastics Limited has allotted 40,155 equity shares of Rs. 2 each to eligible employees who exercised their vested stock options under the Shaily Employee Stock Option Plan 2019. The exercise prices were Rs. 732 and Rs. 684 per share, raising approximately Rs. 2.93 crore for the company. The paid-up capital increased from Rs. 9.19 crore (4.59 crore shares) to Rs. 9.20 crore (4.60 crore shares). The diluted EPS stands at Rs. 34.97. This represents the 2nd tranche of options granted under the plan, which has a maximum capacity of 6,57,850 options.
This is a routine ESOP exercise with minimal dilution (~0.09%). The share issuance is standard practice for employee retention and has negligible impact on existing shareholders given the small quantum of new shares.