Vikram Solar Limited has informed the Exchange regarding allotment of 24200 securities pursuant to ESOP/ESPS at its meeting held on May 29, 2026
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Vikram Solar Limited has allotted 24,200 equity shares to eligible employees who exercised their vested stock options under the Vikram Solar Employee Stock Option Plan 2021. The shares were issued at an exercise price of Rs. 91.50 per share with a premium of Rs. 81.50 per share. Following this allotment, the company's paid-up equity share capital increased from Rs. 362.33 crore to Rs. 362.35 crore. The new shares will rank pari passu with existing equity shares in all respects, including dividend entitlements.
This is a routine ESOP exercise with minimal dilution impact (24,200 shares out of 36.24 crore total shares). The stock price impact is expected to be negligible as these are employee benefits-related allotments and not capital-raising from the market.