Polycab India Limited has announced the allotment of 24,640 equity shares of face value ₹10 each. This allotment follows the exercise of options by eligible employees under the Polycab Employee Stock Option Performance Scheme 2018. The Finance and Operations Committee approved this allotment during its meeting held on August 6, 2026, impacting the company’s outstanding share capital.
Equity Share Allotment Under ESOP
Polycab India Limited has officially announced the allotment of equity shares stemming from its Employee Stock Option Scheme (ESOP). In a meeting held on August 6, 2026, the Finance and Operations Committee approved the issuance of an aggregate of 24,640 equity shares. These shares have a face value of ₹10 each.
Employee Option Scheme Exercised
The allotment is a direct result of eligible employees exercising their options under the Polycab Employee Stock Option Performance Scheme 2018. This action by employees under the ESOP framework leads to an increase in the company’s issued and paid-up share capital, affecting the overall shareholding structure.
Source: BSE
