Nature of Event
Shaily Engineering Plastics Limited has made a regulatory disclosure regarding the allotment of equity shares against exercised employee stock options.
Key Quantitative Figures
- Number of shares allotted: 1300 equity shares of face value ₹2 each
- Exercise price per share: ₹732
- Total money realized from exercise: ₹9,51,600
- Premium per share: ₹730
- Pre-allotment paid-up capital: ₹9,19,90,496 divided into 4,59,95,248 equity shares
- Post-allotment paid-up capital: ₹9,19,93,096 divided into 4,59,96,548 equity shares
- Diluted earnings per share: ₹25.88
Dates of Action
- Committee meeting date: October 29, 2026
- Date of share issue: October 29, 2026
- Original ESOP plan approval: August 8, 2019
- Share sub-division approval: September 29, 2023
- Record date for sub-division: November 23, 2023
Parties Involved
- Nomination and Remuneration Committee of Shaily Engineering Plastics Limited
- Eligible employees of the company
- Company Secretary & Compliance Officer: Harish Govind Punwani (M. No. A50950)
- Stock exchanges: BSE Limited (Scrip Code: 501423) and National Stock Exchange of India Limited (Scrip Code: SHAILY)
ESOP Plan Details
- Plan name: Shaily Employee Stock Option Plan 2019
- Maximum options authorized: 6,57,850 (post sub-division adjustment)
- Vesting schedule: 1/3 after 1 year, 1/3 after 2 years, 1/3 after 3 years from grant date
- Exercise period: 4 years from vesting date
- Pricing formula: Tranche 1 at par, Tranche 2 at 1/3 market price on vesting date, Tranche 3 at 1/3 market price on vesting date
- This allotment represents the 2nd tranche of options granted
Capital Structure Impact
- The allotment results in a minimal increase of 0.0028% in the total number of outstanding shares
- The new shares will rank pari-passu with existing equity shares
- No lock-in restrictions apply to the allotted shares
Additional Information
- Distinctive numbers: 45995248 to 45996548
- The disclosure is available on the company's website at https://www.shaily.com/investors/other-disclosures