Pine Labs Limited allotted 8,90,722 equity shares of ₹1/- each on September 22, 2026 to eligible employees. This allotment was made pursuant to the exercise of an equivalent number of Employee Stock Options under the Pine Labs Employee Stock Option Plan 2025.
The exercise price is implied to be the face value of ₹1 per share, as no premium is mentioned.
Consequent to this allotment, the company's paid-up equity share capital has increased from ₹1,15,38,58,090 (comprising 1,15,38,58,090 equity shares) to ₹1,15,47,48,812 (comprising 1,15,47,48,812 equity shares).
The newly allotted shares shall rank pari-passu with the existing equity shares of the Company in all aspects. The company is in the process of completing listing formalities and will file a listing application with the exchanges shortly for seeking listing and trading approval.
Additional Announcements
This filing is a standalone disclosure for the ESOP allotment and does not contain any other corporate updates.