Tata Elxsi Allots 6,170 Equity Shares via ESOP

Nature of the Disclosure

This is a regulatory filing submitted to BSE Limited and the National Stock Exchange of India Limited concerning the allotment of equity shares pursuant to an employee stock option plan.

Key Quantitative Figures

• Number of equity shares allotted: 6,170
• Face value of each share: ₹10
• Pre-allotment paid-up equity share capital: ₹62,29,95,610 divided into 6,22,99,561 equity shares
• Post-allotment paid-up equity share capital: ₹62,30,57,310 divided into 6,23,05,731 equity shares
• Increase in share capital: ₹61,700 (6,170 shares * ₹10)

Parties Involved

• Issuing Company: Tata Elxsi Limited (Scrip Code: 500408, NSE Symbol: TATAELXSI)
• Recipients: Eligible employees
• Plan: Tata Elxsi Limited Performance Stock Option Plan 2023

Purpose or Rationale

The shares were allotted pursuant to the exercise of performance stock options by eligible employees under the 'Tata Elxsi Limited Performance Stock Option Plan 2023'.

Capital Structure Impact

The allotment resulted in a minor increase of 6,170 shares in the total number of outstanding equity shares, representing a dilution of approximately 0.01%.