Solara Active Pharma Sciences Allots 1,500 Equity Shares Under ESOP 2018
Solara Active Pharma Sciences Limited allotted 1,500 equity shares under its Employee Stock Option Plan 2018 on December 17, 2025, at an exercise price of ₹375 per share. The allotment generated ₹5.63 lakhs and increased the company's total issued share capital to 4,81,71,562 shares worth ₹48.17 crores. The newly issued shares carry identical rights to existing equity shares and comply with all SEBI regulatory requirements.
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Solara Active Pharma Sciences Limited has announced the allotment of 1,500 equity shares under its Employee Stock Option Plan 2018, as approved by the Board of Directors on December 17, 2025. The allotment was made pursuant to the exercise of vested options under the company's employee stock option scheme.
Share Allotment Details
The Board of Directors approved the allotment of 1,500 equity shares with a face value of ₹10 each, fully paid up, against the exercise of vested options. The shares were allotted at an exercise price of ₹375 per share, generating total proceeds of ₹5.63 lakhs for the company.
| Parameter | Details |
|---|---|
| Number of Shares Allotted | 1,500 equity shares |
| Face Value per Share | ₹10.00 |
| Exercise Price per Share | ₹375.00 |
| Total Money Realized | ₹5.63 lakhs |
| Date of Issue | July 22, 2024 |
| ISIN Number | INE624Z01016 |
Impact on Share Capital Structure
Following the ESOP allotment, the company's paid-up share capital structure has been updated. The total number of issued shares increased from 4,81,70,062 to 4,81,71,562 equity shares.
Share Capital Before Allotment:
| Category | Number of Shares | Paid-up Amount (₹) |
|---|---|---|
| Equity Shares - Fully Paid | 3,61,71,307 | 36,17,13,070.00 |
| Equity Shares - Partly Paid | 1,17,61,546 | 8,23,30,822.00 |
| Equity Shares - Partly Paid | 2,37,209 | 8,30,231.50 |
| Total Paid-up Capital | 4,81,70,062 | 44,48,74,123.50 |
Share Capital After Allotment:
| Category | Number of Shares | Paid-up Amount (₹) |
|---|---|---|
| Equity Shares - Fully Paid | 3,61,72,807 | 36,17,28,070.00 |
| Equity Shares - Partly Paid | 1,17,61,546 | 8,23,30,822.00 |
| Equity Shares - Partly Paid | 2,37,209 | 8,30,231.50 |
| Total Paid-up Capital | 4,81,71,562 | 44,48,89,123.50 |
Regulatory Compliance and Rights
The allotment was made in compliance with SEBI regulations, including Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 10(c) of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
The newly allotted equity shares rank pari-passu with existing equity shares of the company in all respects, carrying identical voting rights and dividend entitlements. The company reported diluted earnings per share of ₹0.19 per share pursuant to this equity share issuance.
Exercise Terms and Conditions
Under the Solara Employee Stock Option Plan 2018, options must be exercised within 120 days from the date of vesting. The exercise period provides employees with a defined timeframe to convert their vested options into equity shares. The options cannot be exercised after the expiry of the 120-day exercise period.
The company is listed on both the National Stock Exchange of India Limited and BSE Limited, with trading symbols SOLARA and SOLARAPP1 respectively. The original ESOP scheme filing was completed on October 24, 2018, with both exchanges.
