Board approves ESOP 2026, closes old ESOP 2021

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Price reactionminutes from the announcement price · days from the prior close

-2.3%Reaction day

₹160.90

prior close

₹160.05

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.0%-1.3% vs market

On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.1

10m

+0.6

15m

+1.2

30m

-1.0

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-2.3-1.0-1.3

Next day

-0.9-1.5+0.7

+0.5-0.9+1.5

-2.4-0.3-2.1

+0.1+0.1-0.1

+0.7+0.7+0.0

+1.0+0.3+0.7

15d

+9.2+1.0+8.3

+2.5-2.4+4.9

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UpDownMarket · Nifty Microcap 250Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board approved the FY26 Annual Report and 17th AGM notice. It closed the ESOP Scheme 2021 after option holders voluntarily surrendered their stock options. Approved new ESOP Scheme 2026 to grant up to 1,50,000 stock options (face value Rs 10 each) to eligible employees over 5 years, subject to shareholder approval at the upcoming AGM.

Likely market impact

Potential mild equity dilution if new ESOPs are fully exercised; scheme requires shareholder approval at the AGM.