Intimation of allotment of shares under ESOP Plan 2023
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Swiss Military Consumer Goods Ltd approved the allotment of 2,25,500 equity shares to eligible employees under the company's ESOP Plan 2023. These shares have a face value of Rs. 2 each and were issued at an exercise price of Rs. 12.50 per share. Following this allotment, the company's paid-up capital increased from Rs. 47.18 crore to Rs. 47.23 crore, with total shares rising from 23.59 crore to 23.61 crore equity shares. This represents a minor dilution of approximately 0.96% for existing shareholders.
This is a routine ESOP exercise resulting in small dilution (~0.96%). Minimal impact on shareholders; signals employee participation in the company's growth via stock options.