Vardhman Textiles Limited has informed the Exchange regarding allotment of 52000 securities pursuant to ESOP/ESPS at its meeting held on Jun 06, 2025
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Vardhman Textiles has allotted 52,000 equity shares of face value Rs. 2 each to eligible employees who exercised their stock options under the Vardhman Textiles Limited Employee Stock Option Plan, 2024. The allotment was approved by the Committee of Directors (ESOP Plan 2024) at a meeting held on June 6, 2025. The newly issued shares will rank equally with existing equity shares in all respects. The total face value addition is Rs. 1,04,000, reflecting a very small capital expansion.
This is a minor equity dilution for existing shareholders, with negligible impact on share value or earnings per share given the small size of the allotment. It signals continued execution of the company's employee incentive plan, which can help align employee interests with shareholders.