PB Fintech Allots 1,800 Equity Shares Following Exercise of Employee Stock Options
PB Fintech Ltd has announced the allotment of equity shares following eligible employees exercising their vested options under the PB Fintech Employees Stock Option Plan 2021 (ESOP 2021). The action was taken by the Nomination and Remuneration Committee.The company allotted 1,800 equity shares, each having a face value of Rs. 2/- to employees who exercised their vested options under the ESOP 2021 plan.
This allotment has resulted in an increase in the issued and paid-up share capital of the Company. Prior to this transaction, the company had issued 46,26,93,070 equity shares with a total capital of Rs. 92,53,86,140/-. Following the allotment, the total issued equity shares stand at 46,26,94,870 with an increase in share capital to Rs. 92,53,89,740/-.
The newly allotted shares are confirmed to rank pari passu with the existing equity shares of PB Fintech Ltd. The company is currently working through the necessary formalities for listing the said allotted shares.
Key details regarding the financial impact of the allotment are presented in the table below:
| Particulars | Before Allotment | After Allotment |
|---|---|---|
| Total Equity Shares Issued | 46,26,93,070 | 46,26,94,870 |
| Total Paid-up Share Capital | Rs. 92,53,86,140/- | Rs. 92,53,89,740/- |
| New Shares Allotted (ESOP) | N/A | 1,800 |
POLICYBZR Stock Price Movement
PB Fintech Limited closed today gaining 0.24% to settle at ₹1534.1 after trading concluded. The stock moved within a daily range of ₹1499.9 and ₹1560.5, with the total volume registered at 4.35 million 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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