Alicon Castalloy Ltd Allots 75,000 Equity Shares to Employees Under Stock Options Scheme
Alicon Castalloy Ltd reported a material corporate action following the outcome of its Board of Directors meeting held on April 17, 2026. The company announced the allotment of 75,000 Equity Shares to employees who exercised options under its established Employees Stock Options Scheme-2022.During the meeting on April 17, 2026, the Board of Directors formalized the allotment process. The shares were allotted against the exercise of an equal number of options by the company's employees.
The key details of the share allotment are summarized below:
| Parameter | Details |
|---|---|
| Company | Alicon Castalloy Ltd |
| Date of Allotment | April 17, 2026 |
| Total Shares Allotted | 75,000 Equity Shares |
| Face Value Per Share | Rs. 5/- |
| Scheme Used | Employees Stock Options Scheme-2022 |
This allotment marks a specific corporate event resulting from employee participation in the company's share incentive program. The transaction was executed following the formal proceedings of the Board of Directors.
ALICON Stock Price Movement
Today, Alicon Castalloy Limited shares edged higher to close at ₹679.2, gaining 0.62% for the session. The stock traded within an intraday range of ₹664.25 to ₹707.1, concluding the day with a total volume of 23,274 shares traded.Source:
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