Allotment of Equity Shares under ESOP
TCI · price
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Transport Corporation of India (TCI) has allotted 88,595 equity shares to employees under its ESOP-2017 scheme, covering the 5th, 6th, and 7th tranches, on 24th June 2025. These new shares will rank equally with existing shares in all respects. Following this allotment, the total paid-up equity shares have increased from 7,66,08,762 to 7,66,97,357. The paid-up equity share capital has correspondingly risen from Rs. 15,32,17,524 to Rs. 15,33,94,714 at a face value of Rs. 2 per share. This is a routine disclosure under SEBI listing regulations regarding employee stock options.
This is a minor dilution event with negligible impact on shareholders — the increase in share count is very small (about 0.12%). The allotment reflects employee compensation being converted into equity and is unlikely to materially affect the stock price or shareholder value.