Vedant Fashions Limited has informed the Exchange regarding allotment of 3830 securities pursuant to ESOP/ESPS at its meeting held on July 30, 2025
MANYAVAR · price
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Vedant Fashions (Manyavar brand) has allotted 3,830 equity shares of INR 1 each to employees who exercised stock options under its ESOP Scheme Pratham 2018. As a result, the company's paid-up share capital rose marginally from INR 24,29,49,424 to INR 24,29,53,254 (about 24.29 crore shares). The Board also fixed the 23rd Annual General Meeting for September 4, 2025, at 3:30 PM via video conferencing. Additionally, the Board has recommended a final dividend for FY 2024-25, with the record date set as August 28, 2025, and payment to begin on or after September 5, 2025.
The ESOP allotment is very small (3,830 shares) and will have negligible dilution impact. The final dividend announcement is a positive signal for shareholders, though the dividend amount per share is not yet disclosed and will be confirmed at the AGM.