Key Quantitative Figures
- Number of shares allotted: 5,00,000 equity shares
- Face value per share: ₹10
- Total amount of issuance: ₹50,00,000
- Exercise price: Not less than ₹10 per stock option
- Premium per share: Nil
- Pre-allotment share capital: 12,51,09,554 fully paid-up equity shares of ₹10 each
- Post-allotment share capital: 12,56,09,554 fully paid-up equity shares of ₹10 each
- Total issued share capital after allotment: ₹125,60,95,540
- Distinctive numbers: 12,51,09,555 to 12,56,09,554 (both inclusive)
Parties Involved
- Issuing company: Parag Milk Foods Limited
- Allottee: Parag Milk Foods Employees Stock Option Trust (ESOP Trust)
- Regulatory authorities: BSE Limited, National Stock Exchange of India Ltd., SEBI
- Scheme: Parag Milk Foods Limited - Employee Stock Option Scheme 2022 (ESOP 2022/ESOS 2022)
- Approving authority: Finance Committee of the Board of Directors
Capital Structure Impact
The allotment results in a dilution of 0.4% in the equity share capital, increasing the total number of shares from 12,51,09,554 to 12,56,09,554 shares.
Share Characteristics
- The shares shall rank pari passu with the existing equity shares of the company
- No lock-in restrictions apply to these shares
- No share certificate numbers applicable (issued in demat form)
- No listing fees payable
Additional Information
- Previous filing references: BSE: 3035, NSE: NSE/LIST/39195
- The shares allotted to the ESOP Trust will be transferred to eligible employees upon exercise of stock options under the ESOP 2022 scheme