Mastek Limited's committee approved the allotment of 3,442 equity shares to employees under its ESOP Plan VII.
The allotment increased the company's paid-up share capital from ₹15.49 crore to ₹15.50 crore.
Shares were allotted at various exercise prices, ranging from ₹5 to ₹350 per share, with no lock-in period.
The new shares will rank pari-passu with the existing equity shares of the company.