Ideaforge Technology Ltd Allots 23,347 Equity Shares Under ESOP Scheme, 2018
On April 14, 2026, Ideaforge Technology Limited announced the allotment of 23,347 Equity Shares. This allotment occurred following the approval by the Executive Committee of the Board of Directors, which sanctioned the exercise of vested stock options under the ideaForge Employees Stock Option Scheme, 2018.Each of the allotted shares has a face value of Rs. 10/-. The company confirmed that these shares will rank pari-passu with the existing equity shares, ensuring they hold equal rights in all respects.
The transaction significantly updated the company's paid-up capital structure. Prior to the allotment, the paid-up capital of Ideaforge Technology Limited was Rs. 43,27,59,280/-, comprising 4,32,75,928 equity shares. Post-allotment, the paid-up capital increased to Rs. 43,29,92,750, consisting of 4,32,99,275 equity shares, each with a face value of Rs. 10/-.
The key financial metrics related to the capital structure adjustment are detailed below:
| Metric | Before Allotment | After Allotment |
|---|---|---|
| Total Paid-up Capital | Rs. 43,27,59,280/- | Rs. 43,29,92,750/- |
| Number of Equity Shares | 4,32,75,928 | 4,32,99,275 |
| Allotted Shares (Increase) | N/A | 23,347 |
The allotment details confirm that the total issued share capital after this issuance stands at 4,32,99,275 shares, amounting to Rs. 43,29,92,750. Furthermore, the scheme documents specify that the shares issued and allotted under the Employee Stock Option Scheme, 2018 shall rank pari passu with existing shares.
Stock Price Movement
On Monday, Ideaforge Technology Ltd settled at ₹438.20, ticking up 0.45% for the session. Throughout the day, shares fluctuated, finding support between a low of ₹417.10 and peaking at ₹442.55.Source:
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