Announced Sat, 18 Jul · 18:10 IST
Board approves ESOP 2026 and regularizes Whole Time Director
Corporate Actions View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+2.5%1-day move
₹342.90
prior close
₹330.00
base price
After-mkt
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+2.5+1.8+1.2+1.8+2.5+0.6-0.3-1.4-3.4—————
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AI summary
Board approved ESOP 2026 covering up to 10 lakh equity shares (about 2.79 percent of paid-up capital), subject to shareholder approval at the upcoming AGM. It also approved granting stock options to employees and directors of subsidiary companies under the same scheme. Additionally, Ms. Rucha Ravalnath Shende was regularised as Whole Time Director for three years from 23 Feb 2026 to 22 Feb 2029; she is the daughter of the Managing Director.
Likely market impact
ESOP may cause mild equity dilution of about 2.79 percent once shareholder approved. Director change is routine governance, limited near-term stock impact.