CL Educate Limited Approves Allotment of 68,989 Equity Shares to Employees Exercising Stock Options
CL Educate Limited has approved the allotment of 68,989 equity shares following the exercise of stock options by eligible employees under its ESOP Plan. The decision was formalized during a meeting held on August 03, 2026, by the company's Share Allotment Committee.The allotment pertains to the 'Amended and Restated Career Launcher Employee Stock Options Plan 2014' (CL ESOP Plan). The allotted shares have a face value of Rs. 5/- per share.
The shares were distributed among employees, with specific allotments noted for Key Managerial Personnel. Mr. Arjun Wadhwa, the Chief Financial Officer, was allotted 9,621 equity shares, while Ms. Rachna Sharma, the Company Secretary and Compliance Officer, received 3,589 equity shares.
The issuance of these options resulted in changes to the company's Paid-Up Share Capital structure. Before this allotment, CL Educate Limited had a total of 5,42,23,958 equity shares with a paid-up share capital amount of Rs. 27,11,19,790.
Post-allotment, the company's Paid-Up Share Capital details are as follows:
| Particulars | Pre Allotment | Post Allotment |
|---|---|---|
| No. of equity shares in the Paid Up Share Capital | 5,42,23,958 | 5,42,92,947 |
| Amount of Paid Up Share Capital (In Rs.) | 27,11,19,790 | 27,14,64,735 |
The newly allotted shares are intended to rank pari-passu with all existing shares of the Company.
CLEDUCATE Stock Price Movement
Today, shares of CL Educate Limited rallied to close at ₹59.28 after gaining 4.99% in post-market trading. The stock traded within a tight range during the session, finding a low of ₹56.70 despite the climb.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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