SIS LIMITED has informed the Exchange that the Nomination and Remuneration Committee of the Company, in its meeting held today, has considered and approved the allotment of 35,398 equity shares of Rs. 5 each, under the Employee Stock Option Plan of the Company
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SIS Limited's Nomination and Remuneration Committee approved the allotment of 35,398 equity shares of Rs. 5 each under the company's Employee Stock Option Plan (ESOP) on April 30, 2025. As a result, the company's paid-up share capital has increased to Rs. 72,23,84,350, divided into 14,44,76,870 equity shares of Rs. 5 each. The committee meeting was brief, lasting from 12:00 noon to 12:30 p.m. This is a routine ESOP allotment disclosure required under stock exchange listing rules.
This is a minor, routine capital increase via ESOP allotment and is unlikely to materially impact the stock price. Shareholders may experience a very slight dilution (about 0.024%) given the small size of the issuance relative to total shares outstanding.