Nature of Event
WSFx Global Pay Limited has made a regulatory disclosure regarding the allotment of equity shares to employees pursuant to the exercise of employee stock options.
Key Figures
- Number of equity shares allotted: 13,250
- Face value per share: ₹10
- Total equity shares pre-allotment: 1,26,73,391
- Total equity shares post-allotment: 1,26,86,640
- Exercise price per option: ₹25.20
- Premium per share: ₹15.20
- Total issued share capital after this issue: ₹12,73,98,400
Parties Involved
- Approving body: Nomination and Remuneration Committee of the Company
- Stock exchange: BSE Limited
- Company Secretary: Khushboo Doshi
Capital Structure Impact
- The allotment represents a minor dilution, increasing total shares by 13,249 shares (from 1,26,73,391 to 1,26,86,640).
- The newly allotted shares will rank pari-passu with existing shares in all respects.
- No lock-in restrictions apply to these shares.
Scheme Details
- ESOP Plan Name: Employees Stock Option Plan – 2018 (ESOP Plan-2018)
- Scheme Title: WSFL- ESOP 2018 Scheme
- Each stock option is convertible into one equity share of ₹10 face value
- The shares are identical in all respects to existing equity shares of the company
Financial Impact
- The company will receive ₹3,33,900 from the exercise of these options (13,250 shares × ₹25.20 exercise price).
- Of this amount, ₹1,32,500 represents share capital (13,250 shares × ₹10 face value) and ₹2,01,400 represents securities premium (13,250 shares × ₹15.20 premium).