Fujiyama Power Systems Ltd Announces Allotment of Shares Under ESOP 2023 Plan
Fujiyama Power Systems Ltd (formerly Fujiyama Power Systems Private Limited) has finalized the allotment of equity shares to eligible employees under its Employee Stock Option Plan 2023 (ESOP 2023). The company revised the initial disclosure to provide complete and accurate details regarding the shares allotted across two distinct tranches.The allotment pertains to a total of 490,828 equity shares, each having a face value of Rs. 1/-. The company confirmed that the revised disclosure incorporates the necessary issue price details for both tranches, correcting an inadvertent omission in the previous filing.
ESOP Allotment Details
The total allotment is structured into two tranches, each with specific parameters regarding the number of shares and the associated exercise prices.| Tranche | Number of Shares Allotted | Exercise Price Per Share | Premium Per Share |
|---|---|---|---|
| Tranche 1 | 446,803 | Rs. 91.03/- | Rs. 90.03 /- |
| Tranche 2 | 44,025 | Rs. 175.34/- | Rs. 174.34/- |
| Total | 490,828 | - | - |
Corporate Share Capital Update
Following this share allotment, the company’s total issued shares and share capital figures were reported. The total number of issued shares after this allotment stands at 30,69,01,762. Correspondingly, the total issued share capital after the issue amounts to Rs. 30,69,01,762.The company confirmed that all shares allotted consequent to the exercise of options will rank pari passu with the existing shares of the Company.
UTLSOLAR Stock Price Movement
Today, Fujiyama Power Systems Limited shares edged higher to settle at ₹305.74, gaining 0.81% for the day. The stock hit its 52-week high of ₹310.6 and saw significant investor interest, with 631,147 shares traded in total.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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