Shree Digvijay Cement Co.Ltd has informed the Exchange regarding Allotment of 55000 Shares.
SHREDIGCEM · price
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Awaiting price reaction for this filing.
Shree Digvijay Cement has allotted 55,000 equity shares to eligible employees who exercised their stock options under the SDCCL Employee Stock Option Plan 2019. The shares were issued at Rs. 16 each (face value Rs. 10 plus Rs. 6 premium). As a result, the company's paid-up equity share capital increased from Rs. 1,47,81,42,780 to Rs. 1,47,86,92,780, taking the total number of equity shares to 14,78,69,278. The new shares rank equally with existing shares and there is no lock-in period applicable.
This is a routine ESOP allotment with a very small dilution (55,000 shares out of ~14.78 crore shares, roughly 0.004%). No meaningful impact on share price or shareholder value is expected.