Triveni Turbine Limited has informed the Exchange regarding Allotment of 3357 Shares.
TRITURBINE · price
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Awaiting price reaction for this filing.
Triveni Turbine Limited has allotted 3,357 equity shares with a face value of Re. 1 each under its Employee Stock Unit Plan 2023. These shares were issued upon exercise of vested stock options by employees. The exercise price was Re. 1 per share (at par, with no premium). Following this allotment, the company's total issued and paid-up share capital has increased from Rs. 31,78,76,913 to Rs. 31,78,80,270, comprising 31,78,80,270 equity shares. The newly allotted shares will rank equally with existing shares of the company. No lock-in period applies to these shares.
This is a routine, small-scale ESOP allotment and is unlikely to have any meaningful impact on the stock price. The dilution from 3,357 shares is negligible compared to the company's total share base of over 31.78 crore shares.