TATAELXSINSETata Elxsi Limited· Computers - SoftwareLowNeutral
Announced Wed, 11 Jun · 10:32 IST

Tata Elxsi Limited has informed the Exchange regarding 'The Board of Directors of the Company has allotted 142 equity shares pursuant to the exercise of performance stock options by the eligible employees, under Tata Elxsi Limited Performance Stock Option Plan 2023 .

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Tata Elxsi's Board of Directors has allotted 142 equity shares to eligible employees who exercised their performance stock options under the Tata Elxsi Performance Stock Option Plan 2023. As a result, the company's paid-up equity share capital has increased to Rs. 62,28,46,960, comprising 6,22,84,696 equity shares of Rs. 10 each, up from 6,22,84,554 shares. This is a routine ESOP allotment with a very small increase in share count.

Likely market impact

This is a minor, routine ESOP allotment with negligible dilution (142 shares). No material impact on shareholders or stock price is expected.