Allotment of Equity Shares pursuant to Employees Stock Options Scheme 2019
XELPMOC · price
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Xelpmoc Design and Tech Limited has allotted 40,000 equity shares of Rs. 10 face value each to an employee who exercised vested options under the ESOS 2019 scheme. The exercise price was Rs. 19 per share, generating Rs. 7.6 lakh for the company. Following this allotment, the company's paid-up share capital has increased to Rs. 14.8 crore comprising 1,47,99,493 equity shares. This is a routine corporate action following the company's employee stock option plan.
This is a minor dilution of 0.27% from the ESOP exercise, marginally increasing the share count. The impact on the stock price should be negligible as the amount is small. The company received funds at Rs. 19 per share, which may be below current market price.