Maruti Interior Products Allots 60,000 Shares Under ESOP 2023

Maruti Interior Products Ltd announced the allotment of 60,000 equity shares of face value Rs. 10/- each to employees under the ESOP 2023 plan. The board approved this allotment on June 26, 2026. These shares were issued upon the exercise of stock options, with an exercise price of Rs. 10/- per share, realizing Rs. 6,00,000/- for the company. The total number of shares covered under the ESOP 2023 scheme is 5,00,000, with 60,000 shares being allotted in this instance. Adjustments were made to vested options due to a prior rights issue, increasing them from 15,000 to 60,000 to maintain employee value.