Jaro ESOP allotment: Jaro Institute of Technology Management and Research Ltd disclosed in a BSE filing dated October 3, 2026, that its board had allotted 6,973 equity shares to eligible employees following the exercise of stock options under the Jaro Education Employees Stock Option Plan 2022.

The fully paid-up shares have a face value of ₹10 each. The company disclosed an exercise price of ₹10 per share and nil premium. The allotment relates to employees exercising options already granted under the scheme.

Jaro submitted the disclosure under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and Regulation 10(c) of the SEBI Share Based Employee Benefits and Sweat Equity Regulations, 2021. Its filing included separate annexures covering the allotment and the details required for shares issued under the employee benefit scheme.

Issued Share Capital After Allotment

Following the issue, Jaro reported total issued shares of 2,22,77,360 and total issued share capital of ₹22,27,73,600. These figures represent the company’s issued equity base after the employee share allotment.

The filing set out the following details for the newly issued shares:

  • All 6,973 equity shares were issued in dematerialised form.
  • The distinctive numbers run from 2,22,70,388 to 2,22,77,360, both inclusive.
  • The shares carry ISIN INE00YJ01010.
  • The total number of securities proposed to be listed is 6,973 equity shares.

The company marked share certificate details as not applicable because the shares were issued in demat form. It also recorded lock-in details and the expiry of any lock-in as not applicable.

Scheme and Exchange Filing Details

The scheme annexure references ESOP Grant 1 dated May 2, 2022, and ESOP Grant 2 dated July 27, 2024. It also records that the statement referred to under Regulation 10(b) was filed with BSE and NSE on November 13, 2025.

Jaro’s shares are listed on BSE under scrip code 544534 and on NSE under the symbol JARO. The disclosure was signed in Mumbai by Managing Director Sanjay Namdeo Salunkhe. The company’s registered office is in Chembur East, Mumbai.