Paradeep Phosphates Allots 3,49,656 Equity Shares Under ESOP - 2021
Paradeep Phosphates Limited has completed the allotment of equity shares resulting from the exercise of options under its PPL Employee Stock Option Plan 2021 (ESOP - 2021). The allotment was approved by the Nomination and Remuneration Committee, with the intention of increasing the company's issued and subscribed capital.The committee allotted a total of 3,49,656 Equity Shares, each having a face value of Rs. 10/- to eligible employees.
The issuance of these shares increases the company's equity structure. The issued, subscribed, and paid-up equity share capital of Paradeep Phosphates Limited has been updated as follows:
| Metric | Before Allotment | After Allotment |
|---|---|---|
| Total Equity Shares (Rs. 10/- each) | 1,038,170,594 | 1,038,520,250 |
| Total Capital Value | Rs. 10,381,70,59,40 | Rs. 10,385,20,25,00 |
Following this allotment, the total issued shares of Paradeep Phosphates Limited stand at 1,03,85,20,250, and the total issued share capital stands at Rs. 1038,52,02,500. All equity shares allotted pursuant to the exercise of stock options will rank pari passu with the existing equity shares of the company.
PARADEEP Stock Price Movement
Paradeep Phosphates Limited shares today edged higher to close at ₹147.85, gaining 0.2% in the equity market. The stock saw a total volume of 1.22 million shares traded 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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