AXISCADES Technologies Allots 13,600 Equity Shares Under ESOP 2018 – Series 2
AXISCADES Technologies Limited allotted 13,600 equity shares of Rs. 5/- face value under its ESOP 2018 – Series 2 scheme on May 07, 2026, approved by the NRC for 2 eligible grantees. The allotment raised paid-up share capital from Rs. 21,25,86,945 to Rs. 21,26,54,945, with an exercise price of Rs. 52.65 per share, disclosed under SEBI LODR Regulations.
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AXISCADES Technologies Limited , formerly known as AXISCADES Engineering Technologies Limited, has allotted 13,600 equity shares of face value Rs. 5/- each under its employee stock option plan on May 07, 2026. The allotment was approved by the Nomination and Remuneration Committee (NRC) through a circular resolution passed on the same date, in favour of 2 eligible grantees under the "AXISCADES ESOP 2018 – Series 2" scheme.
Share Capital Impact
Following this allotment, the company's paid-up share capital has increased. The table below summarises the change in share capital consequent to this allotment:
| Metric: | Before Allotment | After Allotment |
|---|---|---|
| Paid-up Share Capital: | Rs. 21,25,86,945 | Rs. 21,26,54,945 |
| Number of Equity Shares: | 4,25,17,389 | 4,25,30,989 |
| Face Value per Share: | Rs. 5/- | Rs. 5/- |
ESOP Allotment Details
The disclosure made pursuant to Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, provides the following key details of the allotment:
| Parameter: | Details |
|---|---|
| Scheme Title: | AXISCADES ESOP 2018 – Series 2 |
| Date of Allotment: | May 07, 2026 |
| Number of Shares Issued: | 13,600 |
| Kind of Security: | Equity Shares |
| Par Value per Share: | Rs. 5/- |
| Exercise Price per Share: | Rs. 52.65 – for 13,600 shares |
| Premium per Share: | Rs. 47.65 – for 13,600 shares |
| Distinctive Numbers: | 42568490 to 42582089 |
| Lock-in: | Not applicable |
| Total Issued Shares After Issue: | 4,25,82,089 |
| Total Issued Share Capital After Issue: | Rs. 21,29,10,445 |
Regulatory Compliance
The allotment has been disclosed in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's shares are listed on both BSE Limited and the National Stock Exchange of India Limited. The filing of the scheme with the stock exchanges was originally made on August 01, 2018, and subsequently updated on May 04, 2022. The filing numbers on record include BSE: DCS/IPO/SV/ESOP-IP/3210/2018-19, BSE: DCS/IPO/SV/ESOP-IP/3113/2018-19, NSE: NSE/LIST/17324, BSE: DCS/IPO/TL/ESOP-IP/2580/2022-23, and NSE: NSE/LIST/30968. All equity shares allotted pursuant to the exercise of stock options rank pari-passu with the existing equity shares of the company. The intimation has been signed by Sonal Dudani, Company Secretary & Compliance Officer of AXISCADES Technologies Limited.
Historical Stock Returns for Axiscades Engineering Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.92% | +8.22% | +34.93% | +55.19% | +173.84% | +3,531.75% |
How many stock options remain unexercised under the AXISCADES ESOP 2018 – Series 2 scheme, and what potential dilution impact could future exercises have on existing shareholders?
Given the exercise price of Rs. 52.65 per share, how does this compare to AXISCADES Technologies' current market price, and what does this gap indicate about employee sentiment toward the company's future growth prospects?
Will AXISCADES Technologies introduce a new ESOP scheme beyond the 2018 series to attract and retain talent, particularly as the company competes in the engineering and technology services sector?
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