Intimation for receipt of In-principle approval from BSE w.r.t. issuance of shares under Swastika Investmart Limited-Employee Stock Option Scheme 2025.
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Swastika Investmart Ltd has received in-principle approval from BSE for the issuance of 3,10,000 equity shares of face value Rs. 2 each under its Employee Stock Option Scheme 2025. The total face value of the proposed issuance is Rs. 6.2 lakhs, making it a small-sized ESOP allocation. The company will now be able to allot these shares to eligible employees upon exercise of stock options, subject to SEBI's Share Based Employee Benefits Regulations and other applicable conditions. This is a regulatory disclosure under SEBI LODR Regulation 30 and a routine procedural step before actual allotment of ESOP shares. The in-principle approval is conditional on compliance with various SEBI, BSE, and Companies Act requirements.
Minimal dilution expected given the small size of the ESOP pool (3.1 lakh shares of Rs. 2 face value). This is a routine procedural approval and is generally viewed as neutral to mildly positive, as ESOPs help align employee interests with shareholder value creation.