Solara Active Pharma Sciences Limited has informed the Exchange regarding the allotment of 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 vested stock options under the Solara Employee Stock Option Plan 2018. The exercise price was Rs. 309 per share (including a premium of Rs. 299), raising Rs. 8,36,848 for the company. Following this allotment, the fully paid-up equity share count increased from 3,61,72,807 to 4,77,25,485 shares. Total paid-up capital rose from Rs. 44,51,39,030.50 to Rs. 47,98,12,464.50. The new shares rank pari-passu with existing equity shares. The company currently has 6,200 options vested, of which 2,200 have been exercised.
This is a routine ESOP-related share issuance with minimal dilutive impact. The per-share earnings will be marginally diluted, with diluted EPS reducing to Rs. 2.23 per share. The impact on the stock price is expected to be negligible given the small number of shares issued.