Landmark Cars Limited — Others, 30-11-2024: ESOP/ESOS/ESPS

Landmark Cars Limited has announced a board meeting and allotted 40,000 equity shares, each with a face value of ₹5, under its Employee Stock Options Scheme, 2018. The share exercise price was ₹244.50, leading to a significant premium of ₹239.50 per share. This move increases the total issued share capital to ₹206.85 crore.

The share allotment may boost employee morale and align their interests with shareholder value. Investors might view this as a positive step toward strengthening the company’s workforce and commitment to performance, reflecting a potential positive outlook for future growth.