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The latest announcement is out from Bajaj Electricals Limited ( (IN:BAJAJELEC) ).
Bajaj Electricals’ Stakeholders’ Relationship Committee has approved the allotment of 2,056 fully paid equity shares of Rs.2 each to four employees under its Performance Stock Option Plan 2023, including shares allotted to the legal heir of a deceased employee. Following this issuance, the company’s issued, subscribed and paid-up share capital stands at 11,53,92,769 equity shares amounting to Rs.23,07,85,538, marginally increasing the equity base and reflecting ongoing use of stock-based compensation to align employee interests with shareholders.
The new shares, issued at par and ranking pari passu with existing equity, will be listed on both the BSE and NSE under the company’s existing ISIN, ensuring full fungibility within the current capital structure. This incremental ESOP-related allotment underscores Bajaj Electricals’ continued adherence to SEBI’s share-based benefit regulations while minimally diluting existing shareholders as part of its broader employee incentive framework.
More about Bajaj Electricals Limited
Bajaj Electricals Limited is an Indian consumer durables and electrical equipment company, listed on the BSE and NSE, with a diversified portfolio across lighting, appliances, and engineering products. The Mumbai-headquartered firm serves retail and institutional markets, positioning itself as a key player in the domestic electricals and appliances industry.
Average Trading Volume: 25,245
Technical Sentiment Signal: Sell
Current Market Cap: 39.64B INR
See more insights into BAJAJELEC stock on TipRanks’ Stock Analysis page.