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WSFx Global Pay has allotted 98,577 equity shares (face value Rs. 10 each) to eligible employees who exercised their vested stock options under the company's ESOP Plan 2018. The shares were issued at an exercise price of Rs. 25.20 per share, which is Rs. 15.20 above face value. As a result, the company's total share count has gone up from 1,25,74,814 to 1,26,73,390 equity shares, a marginal increase of about 0.78%. The new shares will rank equally with existing shares in all respects and carry no lock-in. The company is listed only on BSE (Scrip Code 511147).
This is a routine, small ESOP exercise that causes minor dilution for existing shareholders. Employee stock options being actively exercised can be a mild positive signal for staff retention and engagement, but the size of this allotment is too small to materially affect the stock price.