Allotment of 1,95,000 equity shares pursuant to exercise of stock options under ESOP Plan 2022
SUZLON · price
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Suzlon Energy has allotted 195,000 fully paid-up equity shares of Rs.2 face value each to eligible employees who exercised their stock options under the Employee Stock Option Plan 2022. The exercise was conducted in two grants: 120,000 shares at Rs.5 per share (including Rs.3 premium) and 75,000 shares at Rs.30 per share (including Rs.28 premium), generating total proceeds of Rs.28.5 lakh. Post-allotment, the company's paid-up capital stands at Rs.2,743.10 crore across 1,371.55 crore equity shares. This is a routine ESOP-related corporate action as per SEBI regulations.
This is a routine dilution of 0.014% of total equity and has negligible impact on the stock. The shares issued are part of employee compensation and will be locked in as per ESOP regulations.