NewsCorporate ActionsiValue Infosolutions Allots 10.75 Lakh Equity Shares Under Employee Stock Option Plan 2024iValue Infosolutions Allots 10.75 Lakh Equity Shares Under Employee Stock Option Plan 2024
iValue Infosolutions Limited has allotted 10,75,100 equity shares to 47 employees under its Employee Stock Option Plan 2024. The allotment, approved by the Board of Directors, includes 6,66,730 options at ₹2.00 per share and 4,08,370 options at ₹70.00 per share. This has increased the company's paid-up share capital from ₹10,70,79,760 to ₹10,92,29,960, with the total number of equity shares rising from 5,35,39,880 to 5,46,14,980. The ESOP scheme, which has in-principle approval for 19,73,580 options, operates under SEBI regulations with a one-year vesting period and a two-year exercise period.
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iValue Infosolutions Limited has successfully completed the allotment of 10,75,100 equity shares to its employees under the Employee Stock Option Plan 2024, marking a significant milestone in the company's employee engagement strategy. The Board of Directors approved this allotment through circulation, benefiting 47 eligible employees across the organization.
ESOP Exercise Details
The stock option exercise involved two different pricing tiers, reflecting the structured approach of the company's employee benefit scheme. The allotment generated substantial proceeds while expanding the employee ownership base within the organization.
| Parameter | Details |
|---|---|
| Total Shares Allotted | 10,75,100 equity shares |
| Beneficiaries | 47 eligible employees |
| Face Value per Share | ₹2.00 |
| Money Realized | ₹2,99,19,360.00 |
The exercise comprised 6,66,730 options at ₹2.00 per share and 4,08,370 options at ₹70.00 per share, demonstrating the tiered pricing structure of the ESOP scheme.
Share Capital Enhancement
The allotment has resulted in a meaningful increase in the company's equity base, strengthening its capital structure. The newly issued shares carry full rights and rank pari-passu with existing equity shares in all respects.
| Metric | Before Allotment | After Allotment | Increase |
|---|---|---|---|
| Paid-up Share Capital | ₹10,70,79,760.00 | ₹10,92,29,960.00 | ₹21,50,200.00 |
| Number of Equity Shares | 5,35,39,880 | 5,46,14,980 | 10,75,100 |
| Face Value per Share | ₹2.00 | ₹2.00 | - |
ESOP Scheme Framework
The iValue Employee Stock Option Plan 2024 operates under comprehensive guidelines that ensure fair and transparent employee participation. The scheme has received in-principle approval from stock exchanges for 19,73,580 options, while the total reserved shares under the scheme amount to 26,77,000 equity shares.
Key features of the ESOP scheme include:
- Vesting Period: Options vest after completion of one year from the grant date
- Exercise Period: Maximum period of two years from vesting date
- Transferability: Shares are freely transferable post-allotment, subject to applicable laws
- Administration: Managed by the company's Nomination and Remuneration Committee post-listing
Regulatory Compliance
The allotment has been conducted in full compliance with SEBI regulations, including the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company has filed the necessary disclosures with both NSE and BSE, with filing numbers NSE-51845 and BSE-251069 respectively.
The newly allotted shares carry ISIN number INE056801025 and distinctive numbers ranging from 53539881 to 54614980, ensuring proper identification and tracking in the demat system.
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