Solara Active Pharma Sciences Limited, pursuant to a Circular Resolution passed on June 16, 2026, approved the allotment of 70,000 Equity Shares with a face value of ₹10/- each, fully paid up. This allotment was made against the exercise of vested Options under the Solara Employee Stock Option Plan 2024.

The exercise price per share was ₹375/-, resulting in a premium of ₹365/- per share. The total money realized from the exercise of these options is ₹2,62,50,000/-.

The equity shares allotted rank pari-passu with the existing equity shares of the Company in all respects. The ISIN number for the shares is INE624Z01016.

Change in Paid-Up Share Capital

Consequent to the allotment, the company's paid-up share capital increased as follows:

Paid-up capital before ESOP allotment:

  • Total Paid-up Capital: ₹47,98,34,964.50
  • Comprising 4,81,76,012 shares
  • 4,77,27,735 Fully Paid shares (₹10 each)
  • 1,65,807 Partly Paid shares (₹3.5 each)

Paid-up capital post ESOP allotment:

  • Total Paid-up Capital: ₹48,05,34,964.50
  • Comprising 4,82,46,012 shares
  • 4,77,97,735 Fully Paid shares (₹10 each)
  • 2,82,470 Partly Paid shares (₹7 each)
  • 1,65,807 Partly Paid shares (₹3.5 each)

Regulatory Compliance & Plan Details

The allotment was made in compliance with:

  • Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Regulation 10(c) of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
  • Master circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026

The scheme was filed with the stock exchanges on October 10, 2024 (NSE: NSE/LIST/44580, BSE: DCS/IPO/AK/ESOP-IP/3406/2024-25).

Key ESOP Plan Terms:

  • All 70,000 options granted were vested and exercised.
  • Options must be exercised within 120 days from the date of vesting.
  • No options lapsed, and there were no variations of terms.
  • The diluted earnings per share (EPS) post-issue is ₹2.23.

Additional Information

  • Date of Issue of Shares: February 21, 2025
  • Distinctive Numbers: From 48176013 to 48246012 (across three blocks)
  • Lock-in Details: Not Applicable
  • Listing Fees: Not Applicable

Additional Announcements

This filing is solely for the disclosure of the ESOP allotment and does not contain any other corporate updates.