Insolation Energy Limited has allotted a total of 46,750 (Forty Six Thousand Seven Hundred Fifty) fully paid-up equity shares under its Employee Stock Option Plan. The key details of the allotment are:
- Face Value: Re. 1/- per share
- Exercise Price: Rs. 3.8 per share
- Premium per share: Rs. 2.8
- Total shares allotted: 46,750
- Distinctive Numbers: 22,04,51,876 to 22,04,98,625
- Date of Issue: 28th September, 2026
Change in Paid-up Share Capital:
The issued and paid-up equity share capital of the Company has increased from Rs. 22,04,51,875 (divided into 22,04,51,875 equity shares) to Rs. 22,04,98,625 (divided into 22,04,98,625 equity shares).
ESOP Plan Details:
The allotment was made under the Insolation Energy Employee Stock Option Plan 2024 (ESOP 2024/Plan). The shares were issued pursuant to the exercise of vested options under this plan, approved by the Nomination and Remuneration Committee of the Board of Directors.
Compliance & Listing:
- The disclosure is made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Referenced SEBI Master Circular: HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026.
- Additional compliance under Regulation 10(c) of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
- The shares are listed on BSE Limited and National Stock Exchange of India Limited.
Share Characteristics:
The newly allotted equity shares are identical in all respects to the existing shares and will rank pari-passu with them. There are no lock-in restrictions applicable to these shares.
Additional Announcements:
The filing includes the requisite annexures providing detailed disclosure as mandated by SEBI regulations. No other corporate updates are included in this filing.