The Share Allotment Committee today approved the allotment of 2,01,750 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 approved the allotment of 2,01,750 equity shares (face value Rs. 2 each) to eligible employees upon exercise of stock options vested under ESOP 2016. The exercise prices ranged from Rs. 121 to Rs. 359.60 per share across different batches. Following this allotment, the company's paid-up share capital increased from 338,20,94,394 to 338,22,96,144 equity shares. The newly allotted shares rank pari-passu with existing equity shares and carry no lock-in restrictions. This is a routine compliance filing under SEBI ESOP Regulations, 2021.
Minimal dilution of approximately 0.06% for existing shareholders. This is a standard employee compensation exercise and not expected to have any material impact on the stock price.