Allotment of 21,098 Equity Shares to Employees Under Stock Option Schemes
Larsen & Toubro allotted 21,098 equity shares.
By ScoutQuest · · 1 min read
- Equity Shares Allotted
- 21,098 equity shares
- Allottee Category
- grantees who exercised options under the Company's Employee Stock Option Schemes
- Share Ranking
- rank pari-passu with existing equity shares in all respects
What the company said
Larsen & Toubro has allotted 21,098 (Twenty One Thousand Ninety Eight) equity shares to grantees who had exercised their options under the Company's Employee Stock Option Schemes. The allotment was approved by the Nomination & Remuneration Committee (NRC) of the Board.
Key points to note
- The shares will rank pari-passu with the existing equity shares of the Company in all respects, meaning they carry the same rights as the shares already in circulation.
- Shares issued against employee stock options add to the total number of shares outstanding. For existing shareholders this means their holding represents a marginally smaller slice of the company, though the size here is very small relative to the company's overall equity base.
- There is no cash coming into the company from this allotment beyond the option exercise price paid by the grantees under the schemes.
Meeting details
The NRC meeting commenced at 12.30 p.m. and concluded at 1.15 p.m.
How to read this
This is a routine share-allotment disclosure that follows the exercise of employee stock options. It does not change the company's business or operations; it only updates the record of how many equity shares exist and who holds them as newly issued shares.
What to watch
- The company's total issued share capital as it gets updated after this allotment.
- Future allotments under the same employee stock option schemes.
Also from Larsen & Toubro
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28 Oct 2026
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28 Oct 2026
Larsen & Toubro reported a revenue and PAT beat led by strong core execution, despite a margin miss, with Jefferies maintaining a buy but cutting target price to 4,700
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More numbers
- Equity shares allotted to ESOP grantees21,098
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