Swiggy Limited has informed the Exchange that the Nomination and Remuneration Committee at their meeting held on May 02, 2025, have approved the allotment of equity shares under ESOP Plans
SWIGGY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Swiggy's Nomination and Remuneration Committee approved the allotment of over 20.35 crore equity shares on May 2, 2025, pursuant to the exercise of employee stock options. Of these, 8,629 shares were allotted to eligible employees under the ESOP Plan 2015, while the remaining 20,35,25,118 shares were allotted to the Swiggy Employee Stock Option Trust under the 2015, 2021, and 2024 ESOP Plans. The company's paid-up equity share capital increased from Rs. 229.01 crore to Rs. 249.36 crore, taking the total share count from 229.01 crore to 249.36 crore equity shares of Re. 1 each. The newly allotted shares will rank equally with existing equity shares, and the company is completing formalities for their listing on the stock exchanges.
This allotment increases the total share count by approximately 8.9%, leading to dilution for existing shareholders. Since most shares are going to the ESOP Trust, the actual dilution to public shareholders will occur gradually as employees exercise their options over time. For retail investors, this is a routine ESOP event but worth monitoring as it expands the float over the long term.