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Ajanta Pharma Limited has allotted 23,400 equity shares following the exercise of employee stock options. Consequently, the company's paid-up share capital increased to Rs. 24.99 Crore.
Ajanta Pharma granted 1,45,000 stock options under its 2019 Incentive Plan. Each option covers one share with an exercise period of three months post-vesting. Additionally, 850 options were cancelled and returned to the ESOP pool. This move aligns employee interests with long-term shareholder value.