Viyash Scientific Limited has informed the Exchange regarding 'Allotment of Equity Shares under Sequent Scientific Limited Employee Stock Option Plan 2020'.
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Viyash Scientific Limited has allotted 1,13,001 equity shares to eligible employees under the SeQuent Employee Stock Option Plan 2020. The shares have a face value of Rs. 2 each and were issued at an exercise price of Rs. 86 per share. The allotment was approved by the Nomination and Remuneration Committee on February 23, 2026. As a result, the company's paid-up equity share capital increased from Rs. 87,32,35,618 (43,66,17,809 shares) to Rs. 87,34,61,620 (43,67,30,810 shares). The newly issued shares will rank equally with existing equity shares in all respects.
This is a routine ESOP allotment with a minor dilution of about 0.026% in the total share count, which is negligible and unlikely to materially affect the stock price. The higher exercise price of Rs. 86 versus the Rs. 2 face value indicates that employees are paying a premium for the shares, suggesting the stock has been trading well above the ESOP grant price.