Shoppers Stop Limited has informed the Exchange regarding Allotment of 7417 Shares.
SHOPERSTOP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shoppers Stop Limited's Nomination, Remuneration & Corporate Governance Committee approved the allotment of 7,417 equity shares of Rs. 5 each to employees who exercised their vested stock options under the SSL Plan 2022. The shares were issued at face value with no premium. Following this allotment, the company's share capital stands at Rs. 55.06 crore divided into 11.01 crore shares. The committee also granted 1,49,772 ESOPs and 74,886 RSUs to eligible employees, with exercise prices of Rs. 365 and Rs. 5 respectively. Additionally, 89,221 RSUs were approved for vesting to employees. The company clarified that the share allotment is not material in nature.
The dilution from this allotment is negligible at 0.007% of total shares, with minimal impact on existing shareholders' stakes. The grant of new ESOPs and RSUs creates potential future dilution but aligns employee interests with company performance.