Quick Heal Allots 2,261 ESOP Shares, Slightly Expands Equity Base

Quick Heal Technologies Ltd. ( (IN:QUICKHEAL) ) has shared an announcement.

Quick Heal Technologies has allotted 2,261 equity shares under its ESOP Scheme 2021 following the exercise of employee stock options, marginally increasing its total issued equity share capital. The new shares, issued at various exercise prices with a face value of ₹10 each and no lock-in, raise the company’s outstanding equity shares to 54,247,716, reflecting ongoing use of equity-based incentives to retain and reward employees.

The shares currently carry a temporary ISIN and will be merged into the company’s permanent ISIN upon final trading approval from the exchanges, ensuring full fungibility with existing stock. This minor capital expansion has limited dilution impact but underscores the company’s continued reliance on stock-based compensation as part of its talent and governance framework in the competitive cybersecurity sector.

More about Quick Heal Technologies Ltd.

Quick Heal Technologies Limited is a cybersecurity company that develops and markets antivirus and IT security solutions for consumers, small businesses, and enterprises. Listed on both BSE and the National Stock Exchange of India, the Pune-based firm focuses on software products that protect endpoints and networks in the Indian and global markets.

Average Trading Volume: 12,778

Technical Sentiment Signal: Sell

Current Market Cap: 8.81B INR

Learn more about QUICKHEAL stock on TipRanks’ Stock Analysis page.