Maruti Interior Products Ltd Allots 60,000 Shares Under ESOP Scheme 2023

Maruti Interior Products Ltd Allots 60,000 Shares Under ESOP Scheme 2023​

Maruti Interior Products Limited has completed the allotment of equity shares to its employees under the Employee Stock Option Scheme (ESOP 2023). The issuance followed a Board meeting held on June 26, 2026.

The company allotted 60,000 equity shares, each with a face value of Rs. 10/-. These shares represent employees who exercised stock options granted under the ESOP Scheme 2023. The allotment resulted in the realization of money totaling Rs. 6,00,000/.

The details of the current transaction are summarized as follows:

ESOP Scheme Focus and Objectives​

The Employee Stock Option Plan (ESOP 2023) was established with multiple objectives aimed at aligning employee interests with the long-term growth of the company. The core purpose of the plan includes motivating employees to contribute to profitability, retaining staff, reducing attrition rates, achieving sustained growth, and providing additional deferred rewards.

The total number of shares covered under the ESOP Scheme 2023 is 5,00,000 Equity Shares.

Transaction Details​

Key transaction metrics related to the current allotment include:


The ESOP Scheme 2023 specifies that the vesting period is one year from the date of grant of such options. Employees are granted a timeframe of one year from the date of vesting to exercise their stock options.

Capital Structure Post-Allotment​

Following this allotment, the company's total issued shares have reached 60,460,000, and the total issued share capital stands at Rs. 604,000,000 after the issuance. All shares allotted consequent to the exercise of options are stated to rank pari passu with the existing shares of the Company.

Stock Price Movement​

Maruti Interior Products Ltd settled at ₹64.31 on Thursday, edging higher by 0.69% in the market close. The shares demonstrated movement within an intraday range spanning from a low of ₹64.00 to a high of ₹65.98.