Intimation for allotment of Equity Shares pursuant to exercise of stock options under WABAG Centenary Stock Option Scheme 2023
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VA Tech Wabag's board approved the allotment of 24,158 equity shares to eligible employees who exercised their stock options under the company's ESOP scheme (WABAG Centenary Stock Option Scheme 2023). Each share has a face value of INR 2 and was issued at an exercise price of INR 513 per share (premium of INR 511). As a result, the total equity share count went up from 6,22,56,186 to 6,22,80,344 shares, a very small increase of about 0.004%. The paid-up share capital rose marginally from INR 12,45,12,372 to INR 12,45,60,688. The new shares will rank equally with existing shares and carry no lock-in restrictions.
This is a routine, tiny ESOP allotment with negligible dilution for existing shareholders. No material impact on stock price is expected; the exercise price of INR 513 may serve as a reference for the strike cost under the scheme.