Walchandnagar Industries Limited has informed the Exchange regarding Allotment of 43175 Shares.
WALCHANNAG · price
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Walchandnagar Industries has allotted 43,175 equity shares (face value Rs. 2 each) to eligible employees who exercised their stock options under the WIL Employee Stock Options Plan 2020. The exercise price was Rs. 2 per share, which means the shares were issued at par with no premium. After this allotment, the company's total paid-up equity share capital has risen to Rs. 13.57 crore, made up of 6,78,26,451 equity shares. The newly issued shares will rank equally with existing shares, carry no lock-in restrictions, and no additional listing fee is payable.
This is a small, routine ESOP allotment that causes minor dilution (less than 0.01% increase in share count) and is unlikely to have any meaningful impact on the stock price or existing shareholders.