Intimation for allotment of 6,068 Equity Shares pursuant to exercise of stock options under "WABAG Centenary Stock Option Scheme 2023".
WABAG · price
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VA Tech Wabag's Board approved allotment of 6,068 equity shares of face value INR 2 each to employees who exercised their stock options under the WABAG Centenary Stock Option Scheme 2023. The exercise price was INR 513 per share with a premium of INR 511. This increased the company's paid-up equity share capital from INR 12,46,19,190 (6,23,09,595 shares) to INR 12,46,31,326 (6,23,15,663 shares). The new shares will rank pari passu with existing equity shares. This is a routine disclosure under SEBI regulations for share-based employee benefits.
The dilution is minimal (0.01% increase in shares), so impact on existing shareholders' stakes is negligible. The filing demonstrates ongoing employee stock option programme execution.