Zee Learn Limited has informed the Exchange about Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for allotment of Equity Shares of the Company pursuant to exercise of option under ZLL ESOP 2010 AMENDED 2015.
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Zee Learn Limited's ESOP Allotment Committee has approved the allotment of 6,69,286 equity shares of ₹1 each to eligible employees who exercised their vested options under the ZLL ESOP 2010 scheme (as amended in 2015). The exercise price was ₹1 per share, matching the face value with zero premium. Following this allotment, the company's paid-up equity share capital increased from ₹32,70,62,005 to ₹32,77,31,291. The newly allotted shares will rank equally with existing equity shares. This is a routine corporate action under the company's employee stock option plan and required disclosure under SEBI regulations.
This is a routine ESOP exercise with minimal impact on the stock. Existing shareholders will see minor dilution as the share count increased by approximately 0.2%. No material impact on stock price expected from this employee stock option allotment.