Netweb Technologies Allots 1,645 Shares Under ESOP 2023
Netweb Technologies India Limited allotted 1,645 equity shares to employees under its ESOP 2023 plan on September 3, 2026. The exercise price was ₹2 per share. This increases the total paid-up equity share capital to ₹11,88,95,102, with 5,94,47,551 equity shares.
The allotment of a small number of shares (1,645) under an ESOP plan typically has a minimal impact on the company's overall financial performance, market capitalization, or share price.
The announcement is a routine allotment of shares under an employee stock option plan, which is a standard corporate action and does not inherently carry a positive or negative financial implication for the company.
Netweb Technologies India Limited has announced the allotment of 1,645 equity shares of face value ₹2 each to eligible employees under the “Netweb Employee Stock Option Plan 2023”. The allotment was approved by the Nomination and Remuneration Committee of the Board of Directors via circulation on September 03, 2026, at an exercise price of ₹2 per share.
Following this allotment, the company's paid-up equity share capital has increased from ₹11,88,91,812, comprising 5,94,45,906 equity shares, to ₹11,88,95,102, consisting of 5,94,47,551 equity shares. The company is in the process of completing the necessary formalities for the issuance and listing of these new shares on the stock exchanges.
A plain-language summary of a public exchange filing by Netweb Technologies India Limited. Read the original for the full detail.