Coromandel International Limited has submitted a regulatory disclosure to the National Stock Exchange of India Limited and BSE Limited. The disclosure intimates the exchanges of a corporate action approved by the company's Stakeholders Relationship Committee.
Nature of the Event
The company has allotted equity shares under its Employee Stock Option Plan (ESOP) Scheme 2016. This is a compliance disclosure made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Quantitative Figures and Capital Structure Impact
The Stakeholders Relationship Committee approved the allotment of 1,800 equity shares on June 23, 2026. Each share has a face value of Re. 1 and is fully paid up.
This allotment results in a change to the company's share capital:
- Pre-allotment paid-up capital: ₹ 29,50,14,639, consisting of 29,50,14,639 equity shares.
- Post-allotment paid-up capital: ₹ 29,50,16,439, consisting of 29,50,16,439 equity shares.
The transaction represents a minimal increase in the total number of shares, resulting in negligible dilution.
Terms of the Allotment
The newly allotted 1,800 equity shares will rank pari-passu with the existing equity shares of the company in all respects, meaning they carry identical rights.
Parties Involved and Authority
The action was approved by the Stakeholders Relationship Committee of the company. The letter was signed by B. Shanmugasundaram, the Company Secretary & Compliance Officer.