Allotment of Equity Shares under Uno Minda Employee Stock Option Scheme 2019
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Uno Minda Limited's Nomination & Remuneration Committee approved the allotment of 10,400 equity shares of Rs. 2/- face value each on May 28, 2026. These shares were issued to employees who exercised their stock options under the 2019 ESOS at an exercise price of Rs. 525 per share (with a premium of Rs. 523 per share). The company's paid-up equity share capital increased marginally from Rs. 115.49 crore to Rs. 115.49 crore after this allotment. The total issued share capital now stands at 57,74,67,206 equity shares. The company is in the process of applying for listing of these shares on NSE and BSE. The filing notes that this allotment is not material in nature to the company.
This is a routine equity dilution from employee stock option exercises. The impact on shareholders is negligible as only 10,400 shares (a tiny fraction) were issued, and shares will rank pari passu with existing equity shares. No material impact on earnings per share expected.