Vardhman Special Steels Limited has informed the Exchange regarding allotment of 123750 securities pursuant to ESOP/ESPS at its meeting held on January 08, 2026.
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Vardhman Special Steels has allotted 1,23,750 equity shares (face value Rs. 10 each) to eligible employees who exercised their stock options under the company's ESOP 2016 and ESOP 2020 plans. Out of these, 61,875 shares are bonus shares issued in a 1:1 ratio on the exercised ESOP shares. The allotment was approved by the Committee of Directors (ESOP Plan) at a meeting held on January 8, 2026. The newly allotted shares will rank equally with existing equity shares in all respects.
This is a routine ESOP allotment leading to a small equity dilution. Since roughly half the shares are bonus shares, the net cash dilution is limited and unlikely to materially affect existing shareholders or the stock price.