Vikram Solar Limited has informed the Exchange regarding allotment of 613150 securities pursuant to ESOP/ESPS at its meeting held on November 14, 2025
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Vikram Solar Limited has informed the stock exchange about the allotment of 613,150 securities to eligible employees under its Employee Stock Option Plan (ESOP) or Employee Stock Purchase Scheme (ESPS). The allotment was approved at a board meeting held on November 14, 2025. This is a routine corporate action where the company issues new shares to employees as part of their compensation or incentive packages. The exact number of employees receiving these shares and the exercise price have not been disclosed in the headline.
This will lead to a marginal dilution of existing shareholders' equity due to the issuance of new shares, though the impact is expected to be minor given the size of the allotment.