Allotment of ESOP- STL Networks Limited- Special Purpose Employees Stock Option Scheme- 2025
STLNETWORK · price
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STL Networks Limited has allotted 44,996 equity shares of ₹2 face value each to employees who exercised their stock options under the Special Purpose ESOS 2025. The exercise price was ₹2 per share, raising a total of ₹89,992. The allotment took effect on May 18, 2026. This scheme was created to restore employee stock option value following the demerger of Sterlite Technologies Limited, where each eligible employee received 1 option under the new scheme for every 1 option they held in the demerged company. Post-allotment, the total issued share capital stands at 97,61,53,000 shares.
The dilution impact is negligible at under 45,000 shares, so existing shareholders are unlikely to see any material change in their holdings or earnings per share.