Credo Brands Marketing Limited (MUFTI) — Corporate Action

· NSE 🔴 High Importance Neutral
📢 Key Event
Allotment of 24,000 stock options shares to employees
🔄 What Changed
Paid-up capital increased by Rs.48,000; total issued shares now 65,394,103
💡 Investor Takeaway
Employees gain equity stakes, but dilution reduces existing shareholders' ownership percentage.

Credo Brands Marketing Limited announced the allotment of 24,000 equity shares of Rs.2 each to eligible employees under the Credo Stock Option Plan 2020, increasing the paid-up capital from Rs.130,740,206 to Rs.130,788,206. The shares were allotted on 21/05/2026 with an exercise price of Rs.31.35 and a premium of Rs.29.35 per share. The total issued shares rose to 65,394,103, and the ISIN assigned is INE220Q01020.

📄 View Original Announcement (PDF)

About Credo Brands Marketing Limited (MUFTI)

Consumer Services · Retailing · Listed on NSE

Market Cap: ₹505.96 Cr P/E: 8.1

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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