Whalesbook
Viyash Scientific Limited has approved the allotment of 8,000 equity shares under its SeQuent ESOP 2020 plan. The total value of this allotment is approximately ₹6.88 lakh, which will result in a marginal increase in the company's issued and paid-up equity share capital.
ESOP Allotment Details
The shares are being issued at an exercise price of ₹86 per equity share. Each share has a face value of ₹2. These shares are part of the SeQuent ESOP 2020 plan.
Impact and Rationale
The allotment will lead to a minor increase in the total number of outstanding equity shares. The newly issued shares will rank pari passu with existing equity shares, meaning they will have the same rights. This is a standard mechanism used by companies to incentivize employees and align their interests with the company's long-term growth.
Company Background
Viyash Scientific Ltd. was previously known as Sequent Scientific Ltd. The company officially changed its name effective January 8, 2026. An Employee Stock Option Plan (ESOP) was established by SeQuent Scientific in 2020, through which periodic allotments have been made to employees to foster ownership and retention.
Next Steps for Investors
Investors can monitor upcoming regulatory filings for the updated total issued and paid-up capital figures. Confirmation of the new share capital will provide clarity on the precise scale of the increase.