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Carborundum Universal has allotted 6,388 new equity shares following the exercise of stock options under its ESOP Plan 2016. This routine corporate action results in an increase in the total outstanding equity shares to 19,04,35,988. Consequently, the company's paid-up equity share capital now stands at Rs. 19.04 Cr. For investors, this signifies the ongoing utilization of the employee stock option program, leading to a minor expansion of the company's equity base.