The Nomination and Remuneration Committee of Gala Precision Engineering Limited approved the allotment of 18,650 equity shares with a face value of ₹10 each to eligible employees who exercised their vested stock options under the Gala Precision Engineering Employees Stock Option Plan 2021 (GALA ESOP 2021). The approval was granted via circular resolution on June 17, 2026.

Key Details:

  • Total shares allotted: 18,650 equity shares
  • Face value: ₹10 per share
  • Exercise price per share: ₹87.50
  • Premium per share: ₹77.50
  • Total money realized from exercise: ₹16,31,875 (Indian Rupees Sixteen Lakhs Thirty-One Thousand Eight Hundred Seventy-Five Only)
  • Total scheme coverage: 1,46,200 equity shares are covered under the GALA ESOP 2021 scheme

Capital Structure Change:

  • Previous total equity shares: 1,27,97,551
  • New total equity shares: 1,28,16,200
  • Previous paid-up capital: ₹12,79,75,510
  • New paid-up capital: ₹12,81,62,000 (Indian Rupees Twelve Crore Eighty-One Lakhs Sixty-Two Thousand Only)

Regulatory Compliance:

  • ESOP plan compliant with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
  • Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Additional compliance with Regulation 10(c) of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021

Listing Information:

  • The shares will rank pari-passu with existing equity shares of the company
  • Shares are identical in all respects to existing shares
  • No lock-in restrictions apply to the allotted shares
  • The company is completing formalities for listing the allotted shares

Stock Exchange Filings:

  • BSE filing reference: DSC/IPO/AK/ESOP-IP/3538/2024-25
  • NSE filing reference: NSE/LIST/46133
  • Initial 10(b) statement was submitted to BSE and NSE on December 23, 2024

Additional Announcements:

The filing includes complete regulatory disclosures through Annexure-1 (SEBI LODR Regulation 30) and Annexure-2 (SEBI Share Based Employee Benefits Regulation 10(c)) with detailed tabular information about the ESOP scheme terms, exercise conditions, and allotment specifics.