News Corporate Actions Polycab India Allots 1,085 Equity Shares Under Employee Stock Option Scheme 2018Polycab India Allots 1,085 Equity Shares Under Employee Stock Option Scheme 2018
Polycab India Limited's Finance and Operations Committee approved the allotment of 1,085 equity shares with face value of ₹10 each under the Employee Stock Option Performance Scheme 2018 on March 09, 2026. The shares were allotted to eligible employees who exercised their stock options under the scheme. The company has duly informed both BSE Limited and National Stock Exchange of India Limited about this allotment as per regulatory requirements.
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Polycab India Limited has announced the allotment of equity shares under its Employee Stock Option Performance Scheme 2018. The Finance and Operations Committee approved this corporate action during its meeting held on March 09, 2026.
Share Allotment Details
The committee approved the allotment of shares to eligible employees who exercised their stock options under the company's ESOP scheme. The following table summarizes the key details of this allotment:
| Parameter: | Details |
|---|---|
| Total Shares Allotted: | 1,085 equity shares |
| Face Value per Share: | ₹10 |
| Scheme: | Employee Stock Option Performance Scheme 2018 |
| Approval Date: | March 09, 2026 |
| Approving Authority: | Finance and Operations Committee |
Regulatory Communication
Polycab India has informed both major stock exchanges about this allotment as part of its compliance obligations. The communication was sent to:
- BSE Limited (Department of Corporate Services)
- National Stock Exchange of India Limited (Listing Department)
The notification was signed by Manita Carmen A. Gonsalves, Vice President-Legal and Company Secretary, ensuring proper corporate governance procedures were followed.
Employee Stock Option Scheme
The allotment represents the exercise of stock options by eligible employees under the Employee Stock Option Performance Scheme 2018. This scheme allows qualified employees to purchase company shares at predetermined prices, serving as an employee retention and motivation tool.
The company has maintained its commitment to transparent disclosure practices by promptly notifying the stock exchanges of this corporate action, ensuring all stakeholders are informed of the share allotment.
Historical Stock Returns for Polycab
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.54% | -12.86% | -3.78% | +3.34% | +50.79% | +445.21% |
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