Green Stock—Premier Energies Allots 957,142 Shares Under ESOP 2025, Boosts Employee Ownership

Premier Energies Limited has officially announced the allotment of 957,142 equity shares to the PEL ESOP Trust under its Employee Stock Option Plan, 2025. The decision was approved by the Nomination and Remuneration Committee during a short meeting held earlier in the day, which started at 3:15 PM and concluded at 3:29 PM.

The newly allotted shares have a face value of ₹1 each and were issued at an exercise price of ₹700 per share. This price includes a premium of ₹699 per share. The shares are fully paid-up and will be transferred to eligible employees once they exercise their stock options under the 2025 ESOP scheme. The company also confirmed that these shares will rank equally with its existing equity shares.

This allotment is part of a larger ESOP plan that had already received approval from shareholders. The overall plan allows the company to issue up to 9,015,487 equity shares. Out of this, the committee had earlier approved an initial issuance of up to 4,500,000 shares in one or more phases. The current allotment of 957,142 shares has been carried out in compliance with the provisions of Section 67(3) of the Companies Act, 2013.

Following this development, the company’s paid-up share capital has increased. Before the allotment, the capital stood at 452,994,368 equity shares. After the issuance, it has risen to 453,951,510 equity shares, taking the total paid-up capital value to ₹453,951,510.

The company has also completed all required regulatory filings. It has informed both BSE Limited and National Stock Exchange of India Limited about this update. Earlier, the company had received in-principle approvals for listing the ESOP shares from BSE in July 2025 and from NSE in August 2025.

The official filing was signed by Ravella Sreenivasa Rao, who serves as the Company Secretary and Compliance Officer. This step reflects the company’s continued focus on employee benefits and its effort to strengthen long-term employee engagement through equity participation.