Godrej Agrovet Limited announced on August 25, 2026, that its Nomination and Remuneration Committee has approved the allotment of 51,423 equity shares. These shares, each with a face value of ₹10, are part of the Godrej Agrovet Limited – Employees Stock Grant Scheme, 2018. The allotment resulted in an increase of the company’s paid-up equity share capital by ₹5,14,230. Additionally, 10,329 stock options lapsed due to employee cessation.
Equity Share Allotment Approved
Godrej Agrovet Limited has received approval from its Nomination and Remuneration Committee for the allotment of 51,423 equity shares. This decision, made on Tuesday, August 25, 2026, is in accordance with the Godrej Agrovet Limited – Employees Stock Grant Scheme, 2018, as amended in August 2025. The shares issued have a face value of ₹10 each.
Impact on Share Capital
The aforementioned allotment has led to an increase in the company’s paid-up equity share capital. Pre-allotment, the company had 19,23,59,967 equity shares amounting to ₹19,23,59,967. Post the allotment of 51,423 shares, the total number of equity shares stands at 19,24,11,390, with the paid-up equity share capital increasing to ₹19,24,11,390. The company realized ₹5,14,230 from the exercise of these stock options.
Lapse of Stock Options Noted
In the same committee meeting, the lapse of 10,329 stock options granted under the Employees Stock Grant Scheme 2018 was noted and taken on record. These options were granted to eligible employees but have now lapsed due to cessation of employment.
Share Rank and Entitlements
The newly allotted 51,423 equity shares will rank pari passu with the existing equity shares of the Company in all respects, including dividend entitlement.
Source: BSE
