Solara Active Pharma Sciences Limited has informed the exchange regarding allotment of 2,200 Equity Shares pursuant to exercise of ESOP Options.
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Solara Active Pharma Sciences Limited has allotted 2,200 equity shares of Rs. 10 each to employees who exercised their options under the Solara Employee Stock Option Plan 2018. The exercise price was Rs. 309 per share, with a premium of Rs. 299 per share, generating Rs. 8,36,848 for the company. Following this allotment, the total paid-up share capital increased from Rs. 44,51,39,030.50 to Rs. 47,98,12,464.50. The new shares will rank pari-passu with existing equity shares. The company mentioned that 6,200 options were vested and 2,200 have been exercised so far.
This is a routine ESOP-related dilution with minimal impact on shareholders as the share count increased by only 2,200 shares (0.005% dilution). The exercise price of Rs. 309 is above the par value, so no significant price impact expected.