Zodiac Energy Limited has informed the Exchange regarding Allotment of Shares.
ZODIAC · price
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Awaiting price reaction for this filing.
Zodiac Energy Limited's Board approved the allotment of 27,550 equity shares of face value ₹10 each to employees who exercised stock options under the Zodiac Energy Limited Employee Stock Option Plan – 2023. The exercise price was also ₹10 per share, meaning no premium was charged. As a result, the company's paid-up equity share capital rose from ₹15.09 crore (1.50 crore shares) to ₹15.12 crore (1.51 crore shares). The newly issued shares carry no lock-in and are identical to existing equity shares. This is a routine ESOP-related disclosure filed under SEBI's disclosure regulations.
The share issuance is very small — only about 0.18% dilution to existing shareholders. No premium was collected, so there is no fresh capital inflow either. Neutral impact on shareholders; unlikely to move the stock price.