NewsSterlite Technologies Allots 28,453 Equity Shares Under ESOP, Total Share Capital Reaches 488,132,538Sterlite Technologies Allots 28,453 Equity Shares Under ESOP, Total Share Capital Reaches 488,132,538
Sterlite Technologies Limited has allotted 28,453 equity shares under its Employee Stock Option Scheme following a board committee meeting on March 12, 2026. The shares were allocated to employees who exercised options under the 2010 and 2016 ESOP schemes, increasing total share capital from 488,104,085 to 488,132,538 shares. The newly allotted shares carry equal rights with existing shares and demonstrate the company's commitment to employee equity participation.
*this image is generated using AI for illustrative purposes only.
Sterlite technologies Limited has completed the allotment of equity shares under its Employee Stock Option Scheme (ESOP), following a decision by the Authorization and Allotment Committee of the Board of Directors on March 12, 2026.
Share Allotment Details
The company allotted 28,453 equity shares to grantees who exercised their options under the Employee Stock Option Schemes established in 2010 and 2016. The allotment was formally communicated to both the National Stock Exchange of India Limited and BSE Limited through an official notification.
| Parameter | Number of Shares |
|---|---|
| Existing Share Capital | 488,104,085 |
| ESOP Allotment | 28,453 |
| Post-Allotment Share Capital | 488,132,538 |
Rights and Privileges
The company confirmed that the newly allotted shares will rank pari passu with existing equity shares, meaning they carry identical rights and privileges in all respects. This ensures that ESOP beneficiaries receive shares with the same voting rights, dividend entitlements, and other shareholder benefits as existing shareholders.
Corporate Governance
The allotment process was overseen by the Authorization and Allotment Committee, demonstrating the company's adherence to proper corporate governance procedures. Company Secretary and Compliance Officer Mrunal Asawadekar signed the official communication, ensuring regulatory compliance with stock exchange requirements.
The ESOP allotment represents the company's ongoing commitment to employee participation in equity ownership, providing eligible employees with opportunities to benefit from the organization's long-term performance and growth.
Historical Stock Returns for Sterlite Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.90% | +4.78% | +14.01% | +60.22% | +203.38% | +30.37% |
15
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
