Vishal Mega Mart Limited has informed the Exchange regarding Allotment of 27135264 Shares.
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Vishal Mega Mart has allotted 2,71,35,264 equity shares (face value Rs. 10 each) to eligible employees who exercised stock options vested under the Vishal Mega Mart Employees Stock Options Plan 2019. The exercise prices ranged from Rs. 10 to Rs. 35 per share, with roughly 80% of the shares (2.17 crore) exercised at Rs. 10 (face value). Following this allotment, the company's paid-up share capital rose to Rs. 4,624.56 crore (46.25 crore shares) from Rs. 4,597.43 crore (45.97 crore shares). The newly allotted shares rank equally with existing equity shares, including full dividend entitlement, and carry no lock-in period. The filing has been made under SEBI's Share Based Employee Benefits Regulations, 2021.
This is a routine ESOP exercise resulting in a minor dilution of approximately 0.59% to existing shareholders. The cash inflow from exercise (largely at face value) is negligible, and there is no negative impact expected on the stock price.