Delaplex Limited Increases Paid-Up Capital Following ESOP Allotment
Delaplex Limited has announced the allotment of equity shares against the exercise of options under the Delaplex Employees Stock Option Scheme, 2024. This transaction increases the company's paid-up share capital.The allocation involves 48,480 equity shares, each with a face value of Rs. 10/-. These shares were allotted following the approval by the Nomination and Remuneration Committee and Board of Directors on June 15, 2026. The exercise of options resulted in the company realizing 4,84,800 from the issued shares.
The allotment ensures that the newly issued equity shares rank pari-passu with all existing equity shares of Delaplex Limited.
Capital Structure Update
The paid up share capital of Delaplex Limited has been updated following this issue. The details are as follows:| Particulars | No of Equity Shares | Amount (in Rs.) |
|---|---|---|
| Existing paid up share capital | 9,110,000 | 9,11,00,000 |
| Post Allotment paid up share capital | 9,158,480 | 9,15,84,800 |
Scheme Objectives and Terms
The Delaplex Employees Stock Option Scheme, 2024 (DESOS 2024) is designed to attract, reward, and retain talented and key eligible employees of the company and its subsidiaries. The scheme aims to align these employees with the Company's objectives, enabling them to become co-owners and contribute to increasing shareholder value.The terms of the options granted under DESOS 2024 include:
- Total Shares Covered by Options: 48,480 equity shares of face value Rs. 10/- each.
- Options Exercised: 48,480.
- Exercise Price per Share: Rs. 10.
- Vesting Period: The options may be exercised within 90 days after the completion of the vesting period.
The objectives of DESOS 2024 are to reward and retain employees from subsidiary companies for their high levels of performance and unusual efforts aimed at improving financial performance, which will ultimately contribute to the success of Delaplex Limited.
DELAPLEX Stock Price Movement
Shares of Delaplex Limited on Monday slipped by 3.24% to settle at ₹101.60, following a session defined by trading activity. The stock saw a low of ₹101.60 and traded 4,200 shares during the period.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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