Zensar Technologies Limited has informed the Exchange about intimation about allotment of equity shares by the Nomination and Remuneration Committee of the Company.
ZENSARTECH · price
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Zensar Technologies' Nomination and Remuneration Committee allotted 7,755 fully paid equity shares of Rs. 2 each to employees who exercised their stock options. This is a routine ESOP allotment and increased the company's issued and subscribed share capital to Rs. 454,338,644, divided into 227,169,322 equity shares. The change is very small (about 0.003% increase in share count) and is a normal part of employee compensation. No new fundraising or capital raise is involved here.
Minor dilution from ESOP allotment is negligible and is a routine corporate action. No material impact expected on share price or shareholder value.