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Arvind Fashions Limited has allotted 5,000 equity shares at ₹4 each under its Employee Stock Option Scheme 2016. This issuance reflects the exercise of stock options by employees, potentially enhancing employee engagement and aligning their interests with shareholders. By increasing the number of shares in circulation, this move could dilute earnings per share slightly but may bolster retention and motivation among staff. Investors might view this as a positive signal of the company's commitment to its workforce and long-term growth strategies, although they should remain mindful of the slight dilution effect.