Pursuant to Regulation 30 of SEBI (Listing Obligation Disclosure and Requirements) Regulations, 2015, we hereby inform that the Company has alloted 1,65,975 Equity Share of Rs.2/- each, ....
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Shree Refrigerations Ltd has allotted 1,65,975 equity shares of Rs. 2/- each to eligible employees who exercised their vested stock options under the ESOP 2024. The exercise price was Rs. 2 per share, raising Rs. 3,31,950 for the company. Following this allotment, the company's paid-up share capital increased from Rs. 7,12,60,818 to Rs. 7,15,92,768. The total number of shares outstanding now stands at 3,57,96,384. The scheme covers a maximum pool of 10,00,000 stock options, with a minimum 1-year vesting period and 30-day exercise window after vesting.
This is a routine equity dilution event from employee stock option exercises. Shareholders experienced minor dilution as 1,65,975 new shares were issued at par value. The diluted EPS stands at Rs. 5.04 per share following this allotment.