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NITCO Limited Allots 3,38,150 Equity Shares Under Employee Stock Option Plan 2019

Strategic Insights

— 1 min read

NITCO Limited, a leading company in the [industry], has made a significant announcement regarding the exercise of employee stock options under its Employee Stock Option Plan 2019. In a meeting held on Wednesday, September 03, 2025, the Board of Directors approved the allotment of 3,38,150 equity shares to eligible employees. This development will see the company's issued, subscribed, and paid-up equity share capital increase to [?]3,79,06,01,050/-, divided into 22,90,60,105 equity shares of face value [?]10/- each and 15,00,00,000 preference shares of face value [?] 10/- each.

Key Takeaways:

  • The Board of Directors approved the allotment of 3,38,150 equity shares to eligible employees of NITCO Limited under the Employee Stock Option Plan 2019.
  • The allotment was made in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • The total number of shares outstanding will increase from 22,87,21,955 equity shares to 22,90,60,105 equity shares.
  • The preference shares of NITCO Limited remain unchanged at 15,00,00,000 shares.
  • The SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 will guide the listing of the newly allotted shares.
  • The details of the allotment, as per Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, can be found in Annexure-B.

Statistics:

  • Total equity shares outstanding before issuance: 22,87,21,955.
  • Total equity shares outstanding after issuance: 22,90,60,105.
  • Increase in equity shares: 3,38,150.
  • Ratio of equity shares to preference shares: 1:100 (maintained unchanged).
  • Face value of each share: [?]10/-.
  • The company's total issued, subscribed, and paid-up equity share capital: [?]3,79,06,01,050/-.

Sources:

  • National Stock Exchange of India (September 03, 2025). NITCO Limited Allotment of 3,38,150 Equity Shares Under Employee Stock Option Plan 2019.
  • SEBI Master Circular (November 11, 2024). SEBI/HO/CFD/PoD2/CIR/P/0155.
  • SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Regulation 10(c).

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