Intimation of Grant of Options to identified employees under ESOP

ARROWGREEN · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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AI summary

Arrow Greentech Ltd has announced the grant of 61,000 stock options to eligible employees under the Arrow Greentech ESOP Scheme – 2024. Each option can be exercised into one equity share of face value Rs. 10 at an exercise price of Rs. 359 per option. The options have a minimum vesting period of 1 year from the grant date, and once vested, they can be exercised within 3 years. The grant was approved by the Nomination and Remuneration Committee and complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. This is part of the company's employee incentive programme.

Likely market impact

This ESOP grant aligns employee interests with shareholders but creates potential dilution of approximately 61,000 shares. The exercise price of Rs. 359 represents the current market valuation, and shareholders may see slight EPS dilution when options are eventually exercised.