Avanceon Limited has increased its paid-up capital after issuing 2,191,890 shares to eligible employees under its Employees Share Option Scheme ESOS-2022. Following the latest allotment, the company’s total paid-up capital now stands at 429,667,346 shares, reflecting the fifth issuance under its ongoing employee incentive programme designed to reward staff participation and long-term engagement.
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According to a notice submitted to the Pakistan Stock Exchange, the increase came after employees exercised their share options under the approved scheme. As a result, the company’s capital rose from 427,475,456 shares, showing a structured expansion driven by employee participation rather than external equity issuance or public fundraising activity.
Furthermore, Avanceon confirmed that the shares were allotted without a rights issue under Section 83A of the Companies Act, 2017. The company also stated that regulatory approval was obtained earlier, ensuring full compliance with corporate governance requirements before completing the share issuance process under the ESOS-2022 framework.
In addition, the company disclosed that the market price of Avanceon shares stood at ₨34.01 on May 22, 2026, the date when the newly issued shares were credited into employees’ Central Depository Company accounts. This valuation reflected prevailing trading conditions at the time of share allocation in the open market.
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Separately, the Central Depository Company of Pakistan confirmed the transfer of 2,191,890 securities into employee accounts within the central depository system. The update verified that all transactions were properly recorded and settled at the close of business on the same date, ensuring transparency in ownership adjustments.
Finally, the depository system also updated Avanceon’s official records to reflect the revised paid-up capital of 429,667,346 securities. The development highlights the company’s continued use of employee stock option plans as a tool to enhance workforce motivation while aligning staff interests with long-term corporate growth objectives.