NewsideaForge Technology Allots 88,366 Equity Shares Under ESOP Scheme, Paid-Up Capital Rises to Rs. 43,38,76,410ideaForge Technology Allots 88,366 Equity Shares Under ESOP Scheme, Paid-Up Capital Rises to Rs. 43,38,76,410
ideaForge Technology Limited allotted 88,366 equity shares on May 04, 2026, under ESOP 2018 at a face value and exercise price of Rs. 10/- per share. The allotment increased the company's paid-up capital from Rs. 43,29,92,750 to Rs. 43,38,76,410, with total equity shares rising to 4,33,87,641. The disclosure was filed with BSE and NSE in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
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ideaForge Technology Limited allotted 88,366 equity shares on May 04, 2026, under the ideaForge Employee Stock Option Scheme, 2018 (ESOP 2018), following the exercise of vested stock options by eligible employees. The allotment was approved by the Executive Committee of the Board on the same date. Each share carries a face value of Rs. 10/- and was issued at an exercise price of Rs. 10/- per share. The newly issued shares rank pari-passu with the existing equity shares of the company in all respects and are not subject to any lock-in restrictions.
Impact on Paid-Up Capital
The allotment has resulted in an increase in the company's paid-up share capital. The following table summarises the change in capital structure post-allotment:
| Metric: | Pre-Allotment | Post-Allotment |
|---|---|---|
| Paid-Up Capital: | Rs. 43,29,92,750 | Rs. 43,38,76,410 |
| Number of Equity Shares: | 4,32,99,275 | 4,33,87,641 |
| Face Value Per Share: | Rs. 10/- | Rs. 10/- |
ESOP Allotment Details
The allotment was made pursuant to Regulation 10(c) of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The key details of the allotment are as follows:
| Parameter: | Details |
|---|---|
| Scheme Name: | ideaForge Employee Stock Option Scheme, 2018 |
| Date of Issue: | May 04, 2026 |
| Number of Shares Issued: | 88,366 |
| Kind of Security: | Equity Shares |
| Par Value: | Rs. 10/- |
| Exercise Price Per Share: | Rs. 10/- |
| Distinctive Numbers: | 4,32,99,276 to 4,33,87,641 |
| Total Issued Shares After Issue: | 4,33,87,641 |
| Total Issued Share Capital After Issue: | Rs. 43,38,76,410 |
| Lock-In: | Not Applicable |
| Pari-Passu with Existing Shares: | Yes |
Regulatory Compliance
The disclosure was filed with both BSE Limited and the National Stock Exchange of India Limited in accordance with applicable SEBI regulations. The original statement under Regulation 10(b) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 was filed on August 03, 2023. The filing numbers on record are NSE/LIST/36806 dated September 26, 2023 (NSE) and DSC/IPO/TL/ESOP-IP/2925/2023-24 dated September 26, 2023 (BSE). The communication was signed by Nilesh Ranjan Jaywant, Company Secretary and Compliance Officer (Membership No. A26554), and the update has been published on the company's official website.
Historical Stock Returns for Ideaforge Technology
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +8.17% | +43.79% | +99.57% | +66.18% | +105.67% | -38.94% |
How might the continued dilution from ESOP exercises under the 2018 scheme impact ideaForge Technology's earnings per share and shareholder value over the next few quarters?
Does ideaForge Technology have plans to introduce a new ESOP scheme beyond 2018 to attract and retain talent as the company scales its drone technology business?
How does ideaForge's employee stock option utilization rate compare to peers in India's drone and defense-tech sector, and what does it signal about employee confidence in the company's growth trajectory?
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