Viyash Scientific Limited has informed the Exchange about Allotment of Equity Shares under Sequent Scientific Limited Employee Stock Option Plan 2020

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AI summary

Viyash Scientific Limited (formerly Sequent Scientific Limited) has approved the allotment of 16,667 equity shares of Rs. 2 each to an eligible employee at an exercise price of Rs. 86 per share under the SeQuent ESOP 2020. The share capital increases marginally from Rs. 87.37 crore (43.68 crore shares) to Rs. 87.37 crore (43.69 crore shares) as a result of this exercise. This is a routine employee stock option exercise where the employee has chosen to convert their vested options into equity shares at the predetermined price.

Likely market impact

Minimal impact on shareholding - the dilution represents only 0.004% of total shares. No material impact on EPS or shareholder value expected.