Nitco's equity capital grows following employee stock option exercise

Nitco Limited has approved the allotment of 338,150 equity shares, each with a face value of ₹10, following the exercise of Employee Stock Options granted under the NITCO - Employee Stock Option Plan 2019. This allotment was approved by the board of directors on September 3, 2025.

Consequent to this allotment, the company's issued, subscribed, and paid-up equity share capital has increased from ₹3,78,72,19,550 to ₹3,79,06,01,050. This revised capital now comprises 22,90,60,105 equity shares of ₹10/- each and 15,00,00,000 preference shares of ₹10/- each. The shares are fully fungible with existing equity shares.

The total money realized by the exercise of these options amounted to ₹91,81,250. The allotment comprises 50,000 options granted on July 8, 2019, with an exercise price of ₹39.55 per share, and 288,150 options granted on August 13, 2024, with an exercise price of ₹25 per share. The diluted earnings per share, based on the quarter ended June 30, 2025, is ₹1.94 per equity share.