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The Stakeholders Relationship Committee of Coromandel International Limited has allotted 53,870 equity shares of Re. 1 each under the ESOP Scheme 2016. Following this allotment, the company’s total share capital will increase to Rs. 29,45,85,389, comprising 29,45,85,389 equity shares of face value Re. 1 each. This move aligns with the company’s strategy to incentivize employees, which could enhance employee motivation and retention. Investors should monitor the impact of this share allotment on share value and overall shareholder equity in the coming periods.