Vishal Mega Mart Limited has informed the Exchange regarding Allotment of 2672000 Shares.
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Vishal Mega Mart Limited has allotted 26,72,000 equity shares to eligible employees following the exercise of stock options under the company's ESOP plan 2019. The shares were issued at exercise prices of Rs. 15 (for 2,04,000 shares) and Rs. 35 (for 24,68,000 shares), generating total proceeds of Rs. 8,94,40,000 (approximately Rs. 8.94 crore) for the company. The paid-up share capital increased from Rs. 46,73,22,78,060 to Rs. 46,75,89,98,060, and the total equity share count rose from 4,67,32,27,806 to 4,67,58,99,806. The newly allotted shares rank pari passu with existing equity shares.
This is routine employee stock option exercise with minimal dilution of approximately 0.057%. The impact on the stock price is negligible, and the new shares carry standard rights including dividend entitlement.