The NRC Committee of the Company has approved the allotment of 4400 equity shares to the employees of the company on exercise of ESOPs.
SRGHFL · price
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SRG Housing Finance's Nomination and Remuneration Committee approved allotment of 4,400 equity shares to employees who exercised their stock options under the Employees Stock Option Scheme 2023 (ESOS-2023). The shares were allotted at an exercise price of Rs. 200 per share (face value Rs. 10 with Rs. 190 premium). Following this allotment, the company's paid-up equity share capital increased from Rs. 15.70 crore to Rs. 15.71 crore. The total number of equity shares now stands at 1,57,06,238. The newly allotted shares rank pari-passu with existing shares and carry no lock-in restrictions.
This is a routine ESOP exercise with minimal dilution (4,400 shares out of 1.57 crore total). The impact on existing shareholders' value is negligible. The exercise price of Rs. 200 reflects the company's valuation at the time of grant.