SWELECT Energy Systems Limited has informed the Exchange regarding intimation of In - Principle approval received from Stock Exchanges (BSE and NSE) for listing upto a maximum of 303175 equity shares of Rs. 10/- each of SWELECT Energy Systems Limited to be issued under SWELECT Employees Stock Option Scheme 2025.
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Swelect Energy Systems has received in-principle approval from both BSE and NSE for listing up to 303,175 equity shares of face value Rs. 10 each. These shares are to be issued under the company's newly introduced Employee Stock Option Scheme called SWELECT ESOS 2025. The in-principle approval is a preliminary regulatory clearance before the company can actually allot the shares to eligible employees upon exercise of their stock options. The actual grant and allotment of these shares will follow the terms and timeline set out in the ESOS 2025 plan.
This is a routine procedural step and does not impact existing shareholders immediately. Once these ESOP shares are allotted in the future, there will be a minor dilution in equity, but it has already been factored into the company's approved ESOS 2025 plan. No immediate effect on stock price is expected from this in-principle approval alone.