The Share Allotment Committee today approved the allotment of 44,375 Equity Shares of face value of Rs 2 each upon exercise of stock options vested under the Employees Stock Option Scheme 2016 as per details in enclosed intimation.
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Varun Beverages Limited's Share Allotment Committee approved the allotment of 44,375 equity shares (face value Rs. 2 each) to eligible employees who exercised vested stock options under the company's ESOP 2016 scheme. The exercise prices were Rs. 174 per share for 30,000 options, Rs. 251 per share for 12,500 options, and Rs. 453.60 per share for 1,875 options. Following this allotment, the total paid-up equity share count increased from 338,19,16,894 to 338,19,61,269 shares, with the issued share capital rising to Rs. 676,39,22,538. The newly allotted shares will rank pari-passu (on equal footing) with existing equity shares. This is a routine ESOP exercise filing made under SEBI's Share Based Employee Benefits Regulations, 2021.
The dilution from this allotment is negligible (44,375 shares out of over 338 crore shares, i.e., roughly 0.0013%), so there is no material impact on existing shareholders. This reflects employees continuing to exercise their stock options, which is a positive sign of employee engagement and retention.