Grant of options under ABD Employee Stock Option Scheme
ABDL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Allied Blenders and Distillers Limited has announced the grant of 225,000 stock options to eligible employees under the ABD Employee Stock Option Scheme-2024. The options are priced at Rs 588.45 per option, based on the market price immediately prior to the grant date of May 12, 2026. Each option converts to one equity share of Rs 2 each. Vesting occurs in four equal tranches of 25% each at 12, 24, 36, and 48 months from the grant date, with all vesting being time-based with no performance conditions. Once vested, employees can exercise the options within four years from the respective vesting date. The scheme complies with SEBI (SBEB) Regulations, 2021.
This is a routine ESOP grant that will result in potential share dilution of up to 225,000 shares upon full exercise. The large vesting schedule aligns employee interests with long-term shareholder value. No immediate impact on stock price, but gradual dilution may occur over the next 4-8 years.