The Share Allotment Committee today approved the allotment of 1,05,625 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' Share Allotment Committee has approved the allotment of 1,05,625 equity shares of face value Rs. 2 each. These shares were issued upon exercise of stock options that had vested under the company's Employees Stock Option Scheme 2016 (ESOS 2016). This is a routine event tied to the company's employee incentive programme. The allotment will lead to a marginal increase in the total paid-up equity share capital of the company.
Minor dilution for existing shareholders due to the small issuance of new shares under the employee stock option plan. No material impact on stock price expected as this is a regular, planned ESOP exercise.