Allotment of ESOP- STL Networks Limited- Special Purpose Employees Stock Option Scheme 2025
STLNETWORK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
STL Networks Limited has allotted 44,996 equity shares of face value Rs 2 each to employees who exercised their stock options under the SP-ESOS 2025 scheme. The exercise price was Rs 2 per share, generating Rs 89,992 in proceeds. This scheme was created specifically to restore value for employees holding options in Sterlite Technologies Limited (the demerged company), giving each eligible employee 1 option under the new scheme for every 1 option they held in the demerged company. After this allotment, the total issued share capital stands at 48,80,76,501 shares worth Rs 97,61,53,002.
This is a routine ESOP exercise with minimal impact on shareholders as the company explicitly states earnings per share remain unaffected due to the negligible quantity of shares issued. The dilution is minimal and spread across employee option holders.