Intimation of allotment of ESOP
UGROCAP · price
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Ugro Capital's Securities Allotment and Transfer Committee approved the allotment of 70,500 equity shares to eligible employees who exercised vested options under the 'CSL Employee Stock Option Scheme 2017'. The shares have a face value of Rs. 10 each and were allotted at an exercise price of Rs. 130 per share (a premium of Rs. 120 over face value). As a result, the company's paid-up share capital rose from Rs. 116.68 crore (11.66 crore shares) to Rs. 116.76 crore (11.67 crore shares). The new shares will rank equally with existing shares and carry no lock-in period.
This is a routine ESOP allotment with a small dilution of just 0.06% to existing shareholders. Negligible impact on share price or shareholder value; primarily signals employee retention and incentive alignment.