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SpiceJet's Board has allotted 1,24,100 equity shares (face value Rs.10) to employees who exercised their stock options under the SpiceJet Employee Stock Option Scheme 2017. The shares were allotted on September 8, 2025 at an exercise price of Rs.10 per share with no premium, and there is no lock-in period. After this allotment, the total issued share capital stands at Rs.1,41,35,21,267 comprising 1,41,35,21,267 equity shares. The company has explicitly stated that this allotment is not material in nature.
This is a routine, small-scale ESOP allotment (1.24 lakh shares) that has negligible impact on shareholding or stock price. The dilution is minor and the company itself has classified it as non-material.