Lancor Holdings Limited Allots 5,55,000 Equity Shares Pursuant to Exercise of ESOP

Strategic Insights -

Mumbai-based Lancor Holdings Limited has informed the National Stock Exchange of India that its Nomination and Remuneration Committee has approved the allotment of 5,55,000 equity shares to eligible employees upon exercise of options vested under the 'Lancor Employee Stock Option Scheme - 2024'. This allotment has increased the total number of equity shares from 7,29,95,560 to 7,35,50,560.

Key Takeaways:

  • The Nomination and Remuneration Committee of Lancor Holdings Limited approved the allotment of 5,55,000 equity shares to eligible employees on August 22, 2025.
  • The said shares will rank pari-passu with the existing shares of the Company in all respects.
  • The total number of equity shares of the Company has increased from 7,29,95,560 to 7,35,50,560 shares after the allotment.
  • The pre-allotment total warrants value was Rs. 14,59,91,120, while the post-allotment total warrants value is Rs. 14,71,01,120.
  • Eligible employees exercised options vested under the 'Lancor Employee Stock Option Scheme - 2024' to receive the allotted shares.
  • The face value of each share is Rs. 2, and they are fully paid-up.

Statistics:

  • 5,55,000 equity shares have been allotted to eligible employees of Lancor Holdings Limited.
  • The total number of equity shares of the Company has increased by 5,55,000, from 7,29,95,560 to 7,35,50,560.
  • The value of the pre-allotment total warrants was Rs. 14,59,91,120.
  • The value of the post-allotment total warrants has increased to Rs. 14,71,01,120.
  • The face value of each share is Rs. 2.

Sources:

  • National Stock Exchange of India corporate announcement on Lancor Holdings Limited.
  • Lancor Holdings Limited ('Lancor Employee Stock Option Scheme - 2024').
  • Securities and Exchange Board of India (SEBI) (LODR) Regulations, 2015.