Disclosure for Grant of options is enclosed herewith
ACE · price
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Action Construction Equipment Ltd disclosed grant of 56,790 employee stock options to eligible employees under the company's ESOS-2021 scheme. Each option converts to one equity share of face value Rs. 2/- at an exercise price of Rs. 870 per option. The options will vest over 3 years in equal tranches (33.33% each year) starting after the 1st year from the effective grant date of June 1, 2026. Vested options can be exercised within 2 years from respective vesting dates. The scheme complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Minor potential dilution of approximately 56,790 shares, representing a very small percentage of total equity. The high exercise price of Rs. 870 suggests the company expects significant appreciation, aligning employee interests with shareholders. This is a routine employee retention mechanism with limited immediate market impact.