Godrej Agrovet Allots 51,423 Equity Shares to Employees, Updates Capital Structure
Godrej Agrovet Limited has reported an increase in its paid-up equity share capital following the allotment of 51,423 Equity Shares to eligible employees under the Godrej Agrovet Limited Employees Stock Grant Scheme 2018 (ESGS 2018).The Nomination and Remuneration Committee of the Board of Directors approved the allotment of the shares. The shares, each having a face value of Rs. 10, resulted in a realization amount of Rs. 5,14,230 for the company.
The allotment updates the company's capital structure. Prior to this allotment, the company's Paid-up Equity Share Capital was 19,23,59,967 Equity Shares, valued at Rs. 192,35,99,670. Following the allotment, the post-allotment paid-up equity share capital stands at 19,24,11,390 Equity Shares, amounting to Rs. 192,41,13,900.
The details of the capital change are presented below:
| Particulars | No. of Equity Shares (Face Value ₹10/- each) | Amount (in ₹) |
|---|---|---|
| Pre-Allotment Paid-Up Equity Share Capital | 19,23,59,967 | 192,35,99,670 |
| Allotment on August 21, 2026 | 51,423 | 5,14,230 |
| Post allotment Paid-up Equity Share Capital | 19,24,11,390 | 192,41,13,900 |
The company confirmed that the 51,423 Equity Shares allotted will hold pari passu status with existing Equity Shares in all respects, including dividend entitlement.
In addition to the allotment, the Nomination and Remuneration Committee also noted the lapse of 10,329 Stock Options granted to eligible employees under the ESGS 2018. The lapse occurred due to the cessation of employment for the respective employees.
GODREJAGRO Stock Price Movement
Shares of Godrej Agrovet Limited are surging in live trading, edging up nearly five percent to reach ₹600.75 as of 11:55 AM today. The stock continues its strong intraday rally, having traded within a tight range that spans from a low of ₹569.95 to an intra-day high near ₹607.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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