Gala Precision Engineering Allots 18,650 Shares Through Employee Stock Option Plan
Gala Precision Engineering Ltd has increased its total equity share capital following the allotment of shares to eligible employees who exercised their stock options under the Gala ESOP 2021 plan. The allotment was approved by the company’s Nomination and Remuneration Committee on June 17, 2026.The Company allotted a total of 18,650 Equity Shares of the Face Value set at INR 10/- (Indian Rupees Ten only) each to employees exercising vested options under the Gala ESOP 2021 scheme. These newly issued shares rank pari passu with the existing share capital of the company.
The exercise of these stock options generated a total realization amount of INR 16,31,875/-.
Key Details of Share Allotment
The issuance and allotment details provide insight into the scale of the ESOP transaction:| Particulars | Details |
|---|---|
| Number of Options Exercised | 18,650 |
| Face Value Per Share | INR 10/- |
| Money Realized | INR 16,31,875/- |
| Exercise Price Per Share | INR 87.50/- |
Capital Structure Update
Consequent to this transaction, the total number of Equity Shares in Gala Precision Engineering Ltd has been updated. The share capital increased from 1,27,97,551 to 1,28,16,200 Equity Shares of INR 10/-.After the issuance of these shares, the total issued share capital stands at INR 12,81,62,000 (Indian Rupees Twelve Crore Eighty-One Lakhs Sixty-Two Thousand Only).
Details regarding the ESOP 2021 scheme, including pricing and terms, were provided for the transaction.
GALAPREC Stock Price Movement
Shares of Gala Precision Engineering Limited are slipping by 0.94% as of 10:18 AM, currently trading at ₹1034 after shedding ₹9.85 from the previous close. The equity has seen a total traded volume of 60,508 shares in live market activity.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.