Tech Mahindra Limited has informed the Exchange regarding allotment of 112907 securities pursuant to ESOP/ESPS at its meeting held on May 01, 2026
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Tech Mahindra's Securities Allotment Committee approved the allotment of 112,907 equity shares of Rs. 5 each fully paid up, resulting from the exercise of stock options under two ESOP schemes: 54,534 shares under ESOP 2014 and 58,373 shares under ESOP 2018. The exercise price is exactly Rs. 5 per share with no premium, meaning employees are paying only the par value. After this allotment, the total issued share capital stands at Rs. 4,89,97,70,795 across 97,99,54,159 equity shares. The newly allotted shares rank pari passu with existing equity shares and are not subject to any lock-in.
This is a routine corporate action with minimal impact on the stock. The dilution from 112,907 shares is negligible relative to the total capital of ~98 crore shares. The at-par exercise price with zero premium is worth noting as it indicates options were exercised at face value.