Indigo Approves ESOP Allotment Of 200 Shares Under Employee Stock Option Scheme 2023

InterGlobe Aviation Limited approved the allotment of 200 equity shares following the exercise of vested employee stock options, according to a regulatory filing after the company’s ESOP Allotment Committee meeting earlier in the day. The issuance arises from options exercised under the InterGlobe Aviation Limited Employee Stock Option Scheme 2023, as disclosed to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

ESOP Allotment Committee Approves Share Issue

The ESOP Allotment Committee of InterGlobe Aviation Limited met on March 5, 2026, with proceedings commencing at 11:00 IST and concluding at 11:15 IST, according to the company’s exchange notification numbered IGAL/SECT/3-26/2.

During the meeting, the committee authorised the allotment of 200 equity shares pursuant to the exercise of vested stock options by eligible employees under the InterGlobe Aviation Limited Employee Stock Option Scheme 2023.

Key terms disclosed in the annexure filed with the exchanges include:

• Date of allotment: March 5, 2026
• Exercise price: ₹10 per share
• Face value: ₹10 per equity share
• Number of shares issued: 200
• ISIN: INE646L01027

The newly allotted equity shares are stated to be identical in all respects with the existing equity shares of the company, according to the filing submitted to both the National Stock Exchange of India and BSE Limited.

Following the issuance, the company’s total paid-up equity share capital stands at 38,66,12,998 shares, translating into ₹386,61,29,980 in aggregate equity capital.

Technical note: Under ESOP structures, employees receive options that grant the right though not the obligation to purchase company shares at a predetermined exercise price. Once vested options are exercised, the company issues new shares, which marginally expands the outstanding equity base.

Share Price Movement

Share price of InterGlobe Aviation Limited were trading lower during Thursday’s session.

The stock was priced at ₹4,360.50, down ₹32.40 (0.74%), as of 11:40 IST on March 5, 2026, according to exchange-tracked market data. The decline placed the share below the previous close of ₹4,392.90.

• Opening price: ₹4,389.30
• Session high: ₹4,412.90 so far
• Session low: ₹4,318.00 so far

The ESOP-related allotment is relatively small in scale compared with the company’s outstanding equity base and typically carries limited immediate dilution impact.

Company Background

InterGlobe Aviation Limited operates the low-cost airline IndiGo, which holds the largest domestic market share in India’s aviation sector. The company is listed on both the NSE (symbol: INDIGO) and BSE (scrip code: 539448).

The ESOP programme referenced in the filing Employee Stock Option Scheme 2023 was registered with the stock exchanges on September 6, 2023, under the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Exchange records cite filing identifiers NSE/LIST/37358 and DCS/IPO/SC/ESOP-IP/2906/2023-24.

Employee share-based compensation schemes are commonly used in listed companies to align workforce incentives with shareholder value creation, while gradually increasing the outstanding share base as options vest and are exercised.

Conclusion

The allotment approved on March 5 represents a routine ESOP exercise conversion, adding 200 equity shares to InterGlobe Aviation’s capital structure. Given the company’s large outstanding share base, the incremental issuance is operationally minor but reflects the continued execution of the Employee Stock Option Scheme 2023 framework disclosed to the exchanges.

Source:

• https://nsearchives.nseindia.com/corporate/Indigo1_05032026112639_Disclosure_Allotment_05032026.pdf
• https://www.nseindia.com/get-quote/equity/INDIGO/InterGlobe-Aviation-Limited