Sona BLW Precision Forgings: Sona BLW ESOP allotment: 41,850 shares issued under employee stock
Sona BLW approved 41,850 equity shares for eligible employees under ESOP Plan 2023, raising paid-up capital and carrying equal rights with existing shares.
Sona BLW ESOP allotment: Sona BLW Precision Forgings Ltd approved the allotment of 41,850 equity shares to eligible employees on October 4, 2026, according to its BSE filing dated the same day. The shares were allotted under the Sona Employee Stock Option Plan 2023 following the exercise of vested options.
The company's Nomination and Remuneration Committee, which also acts as its Compensation Committee, approved the allotment. Each of the 41,850 fully paid-up equity shares has a face value of Rs 10.
The disclosure concerns shares allotted against options that employees had already exercised. It identifies the beneficiaries as eligible employees of the company and links the allotment specifically to ESOP Plan 2023. The approval therefore relates to the issuance of equity shares under that plan.
Paid-up equity capital after the allotment
Following the allotment, Sona BLW's issued and paid-up equity share capital increased to Rs 6,24,17,02,740 from Rs 6,24,12,84,240. The number of outstanding equity shares increased from 62,41,28,424 to 62,41,70,274, with the face value remaining Rs 10 per share.
| Particulars | Before allotment | After allotment |
|---|---|---|
| Issued and paid-up equity capital | Rs 6,24,12,84,240 | Rs 6,24,17,02,740 |
| Equity shares | 62,41,28,424 | 62,41,70,274 |
| Face value per share | Rs 10 | Rs 10 |
The increase in paid-up capital reflects the face value of the newly allotted shares. The Rs 10 figure disclosed in the filing is the face value per share; the company did not specify an option exercise price in the supplied disclosure.
New shares carry equal shareholder rights
The allotted shares will rank equally with existing equity shares in every respect, including dividend entitlement. This provision describes the rights attached to the new shares; it does not announce a dividend payout, record date or payment schedule.
The company submitted the disclosure under the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, to BSE and the National Stock Exchange. Sona BLW trades under BSE scrip code 543300 and NSE symbol SONACOMS.
Pankaj Gupta, Senior Vice President (Legal), Company Secretary and Compliance Officer, signed the filing for dissemination to the exchanges.