Nature of the Event
Eureka Forbes Limited has allotted equity shares under its Employee Stock Option Plan 2022 (ESOP 2022). This is a regulatory compliance disclosure regarding the allotment of shares to employees who exercised their options.
Key Quantitative Figures
- Number of shares allotted: 50,000 equity shares
- Face value per share: ₹10
- Exercise price per share: ₹210
- Premium per share: ₹200
- Pre-allotment paid-up capital: ₹193,50,68,160 (19,35,06,816 equity shares)
- Post-allotment paid-up capital: ₹193,55,68,160 (19,35,56,816 equity shares)
- Capital increase: ₹5,00,000
- Distinctive numbers of allotted shares: 19,35,06,817 to 19,35,56,816
Parties Involved
- Stock Exchanges: BSE Limited and National Stock Exchange of India Limited
Capital Structure Impact
The allotment has resulted in a minor dilution of approximately 0.26% in the equity share capital. The new shares rank pari-passu with existing equity shares in all respects. There are no lock-in restrictions applicable to these shares.
Financial Impact
The company received ₹10,50,000 from this allotment (50,000 shares × ₹210 exercise price), comprising ₹5,00,000 towards share capital (50,000 shares × ₹10 face value) and ₹10,00,000 towards securities premium (50,000 shares × ₹200 premium).