UNO Minda Limited has informed the Exchange regarding Allotment of 1296469 Shares upon exercise of Employee Stock Options
UNOMINDA · price
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Awaiting price reaction for this filing.
UNO Minda's Nomination and Remuneration Committee approved the allotment of 12,96,469 equity shares (face value Rs. 2) under the ESOP Scheme 2019, following exercise of employee stock options at prices of Rs. 470, Rs. 525, and Rs. 680 per share. The company realized approximately Rs. 62.98 crore from this exercise, raising its paid-up equity capital from Rs. 114.90 crore to Rs. 115.16 crore. Additionally, the committee approved a fresh grant of 15,66,400 stock options under the new ESOP Scheme 2025 at Rs. 950 per option, with vesting scheduled in 2028 and 2029.
This is a routine ESOP-related announcement. The share allotment causes a minor dilution (~0.22%) of existing equity. The fresh grant signals management's continued effort to retain and incentivize employees, but has no immediate impact on share count. Neutral to slightly positive sentiment for shareholders.