Mafatlal Industries Boosts Employee Ownership with 1.3 Lakh Equity Share Allotment
Mafatlal Industries Limited has allotted 1,30,000 equity shares under its Employee Stock Option Scheme (ESOP) 2017. The allotment includes 123,000 shares at Rs. 36.20 and 7,000 shares at Rs. 131.15. This increased the company's paid-up capital from Rs. 144,057,860 to Rs. 144,317,860. The company has also declared an interim dividend of Rs. 1.25 per equity share, with the record date set for November 14.

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Mafatlal Industries Limited , a stalwart in the Indian textile industry, has taken a significant step to enhance employee engagement and ownership. The company recently announced the allotment of 1,30,000 equity shares under its Employee Stock Option Scheme (ESOP) 2017, demonstrating its commitment to aligning employee interests with corporate growth.
Key Details of the Allotment
The Share Allotment Committee of the Board of Directors approved the following:
| Grant | Number of Shares | Exercise Price (Rs.) |
|---|---|---|
| 3rd Grant | 123,000 | 36.20 |
| 4th Grant | 7,000 | 131.15 |
| Total | 130,000 | - |
Impact on Share Capital
This allotment has led to an increase in the company's paid-up capital:
| Metric | Pre-Allotment | Post-Allotment |
|---|---|---|
| Number of Equity Shares | 72,028,930 | 72,158,930 |
| Paid-up Capital (Rs.) | 144,057,860 | 144,317,860 |
ESOP Scheme Background
Mafatlal Industries had previously obtained BSE approval for listing 6,95,000 equity shares under the ESOP scheme. Following a share split in November 2022, where each share of Rs. 10 was split into shares of Rs. 2 each, the number of shares under the ESOP scheme was adjusted to 34,75,000.
Financial Performance Context
The ESOP allotment comes against the backdrop of Mafatlal Industries' strong financial performance. For the half-year ended September 30, the company reported:
- Revenue from operations: Rs. 2,269.90 crore (56.80% YoY growth)
- Operating EBITDA: Rs. 76.50 crore (53.50% YoY growth)
- Profit Before Tax (PBT): Rs. 71.20 crore (63.70% YoY growth)
Dividend Announcement
In a separate development, the Board of Directors has declared an interim dividend of Rs. 1.25 per equity share. The record date for this dividend is set for November 14, with the payment to be made by November 21.
Conclusion
The ESOP allotment by Mafatlal Industries Limited reflects the company's strategy to incentivize and retain talent while fostering a sense of ownership among employees. This move, coupled with the company's strong financial performance and dividend declaration, signals a positive outlook for both employees and shareholders.
Historical Stock Returns for Mafatlal Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -7.85% | -10.36% | +24.41% | +35.74% | +11.24% | +920.81% |


































