Laxmi Organic Industries Limited has announced the allotment of 703,126 equity shares under its ESOP-2020 scheme. These shares, with a face value of ₹2/- each, were issued for cash at par to eligible employees who exercised their stock options. This allotment has increased the company’s issued and paid-up share capital from ₹55,44,23,134/- to ₹55,58,29,386/-.
Laxmi Organic Industries Allots Shares
Laxmi Organic Industries Limited has completed the allotment of a substantial number of equity shares as part of its Employee Stock Option Plan (ESOP-2020). The company announced that on August 12, 2026, the Nomination and Remuneration Committee approved the allotment of 703,126 equity shares. These shares were issued at face value of ₹2/- each and were granted to eligible employees who exercised their stock options under the aforementioned scheme.
Impact on Share Capital
The allotment was made for cash at par. These newly issued shares will rank pari passu with the existing equity shares of the Company in all respects. Following this allotment, the total issued and paid-up share capital of Laxmi Organic Industries Limited has been revised. The share capital has increased from the previous amount of ₹55,44,23,134/- to a new total of ₹55,58,29,386/-.
Source: BSE
