Jamna Auto Industries Allots 198,500 Equity Shares Under ESOP-2017 Plan
Jamna Auto Industries Limited announced that its Compensation Committee has allotted 198,500 fully paid equity shares to eligible employees under the Employee Stock Option Scheme 2017 (ESOP-2017). The allotment was made following the exercise of vested options on June 13, 2026.The newly issued shares rank pari passu with all existing equity shares of the company.
Key details regarding this stock option allocation and share issuance are as follows:
| Particulars | Details |
|---|---|
| Scheme Title | Employee Stock Option Scheme 2017 (ESOP-2017) |
| Date of Issue / Allotment | June 13, 2026 |
| Number of Shares Issued in this Allotment | 198,500 Equity Shares |
| Par Value per Share | Rs. 1.00 |
| Exercise Price per Share | Rs. 50.00 |
| Premium per Share | Rs. 49.00 |
The allotment represents a significant aspect of the company's incentive program for its employees, as defined by the ESOP-2017 plan. The shares allotted are identical in all respects to existing shares of the company.
Following this issue, specific share capital figures have been recorded:
| Share Capital Metric | Value |
|---|---|
| Total Issued Shares After This Issue | 399,985,135 |
| Total Issued Share Capital After This Issue | Rs. 399,985,135 |
JAMNAAUTO Stock Price Movement
Shares of Jamna Auto Industries Limited are gaining traction as of 11:02 AM, climbing to ₹128.68 after rising by 2.98%. The equity is trading robustly in the live market, with nearly 2 million shares changing hands so far.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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