Gopal Snacks Limited Approves Allotment of ESOP Shares, Increases Paid-up Capital
Gopal Snacks Limited, formerly known as Gopal Snacks Private Limited, announced significant developments regarding its Employee Stock Option Plan (ESOP). The Nomination and Remuneration Committee approved the allotment of equity shares to eligible employees under the Gopal Snacks Limited - Employees Stock Option Scheme 2023, resulting in an increase in the company's paid-up share capital.The committee approved the allotment of 18,400 equity shares of face value of ₹1/- (Rupees One) each. These shares are allotted to eligible employees against the exercise of vested options under the specified ESOP scheme. The shares allotted rank pari-passu with all existing equity shares of the Company in every respect.
Capital Structure Update
The successful allotment of these shares has revised the company's capital structure. The paid-up share capital of Gopal Snacks Limited increased from ₹12,46,48,419/- to ₹12,46,66,819/-.| Capital Metric | Previous Structure | Post-Allotment Structure |
|---|---|---|
| Paid-up Capital | ₹ 12,46,48,419/- | ₹ 12,46,66,819/- |
| Total Equity Shares | 12,46,48,419 | 12,46,66,819 |
| Face Value per Share | ₹ 1.00 | ₹ 1.00 |
New Options Granted Under ESOP Scheme
In addition to the allotment, the Nomination and Remuneration Committee also sanctioned the grant of 20,210 stock options to the Company's eligible employees under the Gopal Snacks Limited - Employees Stock Option Scheme 2023.The granted stock options are structured as follows:
- Total Options Granted: 20,210
- Exercise Price: ₹1/- (Rupees One) per option.
- Vesting Schedule: The entire pool of 20,210 options is set to vest at the end of the 1st Year from the date of Grant, assuming all vesting conditions are met.
- Exercise Period: Employees will have a period of 7 years from the respective vesting date(s) to exercise their options.
The equity shares allotted pursuant to the exercise of stock options shall rank pari-passu with the existing equity shares of the Company and will not be subject to a lock-in period.
GOPAL Stock Price Movement
On Friday, Gopal Snacks Limited shares edged higher, settling at ₹292.05 after gaining 0.63%. The stock traded on 50,015 shares, hitting a high of ₹294.95 during the session.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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