SIS LIMITED has informed the Exchange regarding allotment of 50,990 Equity Shares pursuant to the exercise of employee stock options.
SIS · price
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SIS Limited has allotted 50,990 equity shares following the exercise of employee stock options by its employees. This is a routine corporate action where employees convert their vested stock options into actual shares. The allotment increases the company's total issued share capital marginally. The exchange has been informed of this development as per listing requirements.
Minor dilution for existing shareholders due to the small share issuance. This reflects employee confidence in the company and is a normal occurrence for companies with active ESOP schemes. Unlikely to have any material impact on the stock price.