News Corporate Actions Greaves Cotton Allots 51,676 Equity Shares Under Employee Stock Option Plan 2020Greaves Cotton Allots 51,676 Equity Shares Under Employee Stock Option Plan 2020
Greaves Cotton Limited allotted 51,676 equity shares under its Employee Stock Option Plan 2020 on February 4, 2026, at an exercise price of Rs. 2 per share, generating Rs. 1,03,352 in proceeds. The allotment increased the company's paid-up capital to Rs. 46,57,92,522, comprising 23,28,96,261 equity shares of Rs. 2 face value each. The newly issued shares rank pari-passu with existing equity shares and the allotment was approved by the Nomination and Remuneration Committee in compliance with SEBI regulations.
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Greaves Cotton Limited has announced the allotment of 51,676 equity shares under its Employee Stock Option Plan 2020, following approval from the Nomination and Remuneration Committee of the Board of Directors on February 4, 2026. The allotment represents the exercise of stock options by eligible employees at the predetermined exercise price.
Share Allotment Details
The committee approved the allotment of equity shares with specific financial parameters that demonstrate the structured nature of the employee stock option exercise.
| Parameter: | Details |
|---|---|
| Number of Shares Allotted: | 51,676 equity shares |
| Face Value per Share: | Rs. 2 |
| Exercise Price per Share: | Rs. 2 |
| Total Exercise Amount: | Rs. 1,03,352 |
| Plan: | Greaves Cotton – Employee Stock Option Plan 2020 |
The exercise price of Rs. 2 per share matches the face value of the equity shares, indicating that the options were granted at par value. The total amount received by the company from this exercise stands at Rs. 1,03,352.
Impact on Share Capital
The allotment has resulted in an increase in the company's overall share capital structure. Following the allotment, Greaves Cotton's capital composition has been updated to reflect the additional equity shares.
| Capital Component: | Updated Details |
|---|---|
| Issued, Subscribed and Paid-up Capital: | Rs. 46,57,92,522 |
| Total Number of Equity Shares: | 23,28,96,261 shares |
| Face Value per Share: | Rs. 2 |
The newly allotted equity shares will rank pari-passu with the existing equity shares of the company in all respects, ensuring equal rights and privileges for all shareholders.
Regulatory Compliance
The allotment was conducted in compliance with the Securities and Exchange Board of India regulations. The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by informing both the BSE and National Stock Exchange of India Limited about this corporate action.
The Employee Stock Option Plan 2020 continues to serve as a mechanism for employee retention and motivation, allowing eligible employees to participate in the company's equity growth while contributing to the overall capital base of Greaves Cotton Limited.
Historical Stock Returns for Greaves Cotton
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.34% | +9.05% | -10.81% | -20.96% | -38.58% | +92.35% |
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