The Phoenix Mills Limited has informed the Exchange regarding Allotment of 31014 Shares.
PHOENIXLTD · price
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The Phoenix Mills Limited has allotted 31,014 equity shares with a face value of ₹2 each to employees who exercised their stock options under the company's Employee Stock Option Plan (ESOP) 2018. The allotment was approved by the Compensation Committee on July 24, 2025. As a result, the company's paid-up equity share capital has increased from ₹71,50,49,900 (35,75,24,950 shares) to ₹71,51,11,928 (35,75,55,964 shares). This is a routine disclosure made under SEBI's Listing Regulations.
This is a minor, routine ESOP allotment with negligible dilution (31,014 shares out of ~35.75 crore shares). No material impact on shareholders or stock price is expected.