S.J.S. Enterprises Limited has informed the Exchange about allotment of 26,875 Equity Shares pursuant to exercise of vested Employee Stock Options under ''SJS Enterprises-Employee Stock Option Plan 2021''.
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S.J.S. Enterprises has allotted 26,875 equity shares to its employees who exercised their vested stock options under the company's ESOP 2021 plan. Of these, 26,125 shares were issued at Rs. 263.86 per share and 750 shares at Rs. 289.18 per share, both at a face value of Rs. 10. As a result, the company's total paid-up equity share capital has increased from Rs. 31.95 crore (3,19,49,404 shares) to Rs. 31.98 crore (3,19,76,279 shares). The newly issued shares will rank equally with existing shares, with no lock-in period. This is a routine ESOP allotment and represents a small dilution of about 0.08% of the total share base.
This is a minor, routine ESOP-driven share issuance with negligible dilution for existing shareholders. It is unlikely to have any meaningful impact on the stock price, as it simply reflects employees converting their stock options into shares.