Aether Industries intimated allotment of 29,075 equity shares under its Employee Stock Option Scheme 2021 at an exercise price of ₹885 per share.
The allotment increases the company's paid-up share capital to ₹132.71 crore, comprising 13.27 crore equity shares of ₹10 each.
The newly allotted shares will rank pari-passu with existing shares and have no lock-in period from the date of allotment.
The company obtained in-principle approval from BSE and NSE for a total ESOP pool of 11,00,000 equity shares under the scheme.