Board approved Q2 and H1 results; 6,848 shares allotted to 7 employees under ESOP
Board meeting held on 02/11/2026.
By ScoutQuest · · 1 min read
- Shares allotted under ESOP
- 6,848 shares of Rs. 10 each allotted to 7 employees under Employee Stock Option Scheme 2016
- Stock options granted
- 9,500 stock options granted to 2 employees at an exercise price of Rs. 10/- each, vesting equally over four years
- Results approved
- Unaudited financial results for the quarter and six months ended 30th September, 2026 approved; limited review report enclosed
Results approved
The Board of Directors, at its meeting held on 02/11/2026, approved the unaudited financial results for the quarter and six months ended 30th September, 2026. A copy of the results along with the limited review report is enclosed with the update.
Share allotment under ESOP
- 6,848 equity shares of Rs. 10 each were allotted to 7 employees under the Employee Stock Option Scheme 2016.
- The shares allotted rank pari-passu with the existing shares of the company, meaning they carry the same rights as shares already in issue.
Fresh stock option grant
- 9,500 stock options were granted to 2 employees of the company.
- The options will vest equally over a period of four years.
- Exercise of the options is subject to performance criteria as may be approved by the Board from time to time.
- The options are exercisable at a price of Rs. 10/- each and are convertible into an equivalent number of equity shares of Rs. 10/- each.
What this means for a retail reader
An ESOP allotment adds a small number of new shares to the total share capital, which can marginally dilute existing holders. The option grant does not issue shares immediately; shares would come only when employees exercise the options in future, and that too subject to vesting and performance criteria. The main announcement in this update is the approval of the unaudited results for the quarter and half year ended 30th September, 2026.
Meeting timing
The meeting commenced at 11.45 a.m. and concluded at 1.30 p.m.
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More numbers
- Equity shares allotted to employees under ESOP Scheme 20166,848 shares
- Face value per share allottedRs. 10
- Employees to whom shares were allotted7 employees
- Stock options granted to employees9,500 stock options
- Employees to whom options were granted2 employees
- Exercise price per optionRs. 10/-
- Vesting period of granted optionsfour years
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