The Phoenix Mills Limited has informed the Exchange regarding Allotment of 22559 Shares.
PHOENIXLTD · price
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The Phoenix Mills Limited has allotted 22,559 equity shares of face value ₹2 each to employees who exercised stock options under the company's ESOP 2018 plan. The allotment was approved by the Compensation Committee on March 12, 2026. As a result, the company's paid-up equity share capital has increased from ₹71,52,24,144 (35,76,12,072 shares) to ₹71,52,69,262 (35,76,34,631 shares). This represents a very minor increase of about 0.06% in the total share count.
This is a routine ESOP allotment with negligible dilution for existing shareholders. No material impact on stock price or shareholder value is expected.