Aether Industries has announced the allotment of 29,075 equity shares to eligible employees under its Employee Stock Option Scheme 2021 (AIL ESOS 2021). The shares, each with a face value of ₹10, were issued at an exercise price of ₹885 per share. This move follows the approval by the company’s Nomination and Remuneration Committee.
The allotment is part of a larger pool of 11,00,000 equity shares that have received in-principle approval from both the BSE India Limited and the National Stock Exchange of India Limited. These shares will rank pari-passu with the existing equity shares of the company.
Following this issuance, Aether Industries‘ total share capital now stands at ₹1,32,70,88,990, comprising 13,27,08,899 equity shares of ₹10 each. The company has confirmed that there is no lock-in period for these newly allotted shares, and they are identical in all respects to the existing shares.
The company has already paid the listing fee for the issued share capital up to ₹200 crore for the current fiscal year, and no additional fees are required for the newly issued shares.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).