Havells India Completes Allotment of 3,04,810 Shares Under ESPS Schemes
Havells India Limited announced the successful exercise of employee stock options and the subsequent allotment of equity shares by its Share Allotment and Transfer Committee. The transaction involved shares vested to eligible employees under existing employee stock purchase plans (ESPS) for the financial year 2025-26.The exercise covered three primary schemes: the Havells Employees Stock Purchase Plan 2014, the Havells Employees Stock Purchase Scheme 2015, and the Havells Employees Stock Purchase Scheme 2016. The committee concluded its meeting today, allotting a total of 3,04,810 Equity Shares of the Company against the exercised options.
The total number of shares exercised under each scheme was as follows:
| Scheme Name | Shares Exercised |
|---|---|
| Havells Employees Stock Purchase Plan 2014 | 1,14,191 Shares of Re. 1/- each |
| Havells Employees Stock Purchase Scheme 2015 | 1,50,000 Shares of Re. 1/- each |
| Havells Employees Stock Purchase Scheme 2016 | 40,619 Shares of Re. 1/- each |
| Total Shares Allotted | 3,04,810 Shares |
The allotment was made based on a pricing formula of Rs. 1,302.10, which was the latest available closing price prior to the date of the Nomination and Remuneration Committee Meeting where the grants were approved.
The shares utilized are structured as follows:
| Scheme Name | Shares Granted/Covered | Key Components |
|---|---|---|
| ESPS 2014 | 1,14,191 Shares of Re. 1/- each | Total shares covered: 1,14,191 Shares |
| ESPS 2015 | 1,50,000 Shares of Re. 1/- each | Total shares covered: 1,50,000 Shares |
| ESPS 2016 | 48,459 Shares of Re. 1/- each | This includes 21,480 Shares from FY 2025-26, 11,038 Shares from FY 2024-25, and 16,941 Shares from FY 2023-24. |
The company noted that after the allotment of shares to the Trust, the options and shares under ESPS 2014, ESPS 2015, and ESPS 2016 shall be transferred to the eligible employees.
From a financial impact perspective, Havells India stated that the dilution in the Earnings Per Share (EPS) resulting from the total quantum of shares issued under these employee stock purchase plans is negligible.
HAVELLS Stock Price Movement
Shares of Havells India Limited today slipped by 0.22% to settle at ₹1200.9. The stock saw trading activity on a volume of 581,336 shares.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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