Grant of Stock options under Employee Stock option Scheme 2021
ARVIND · price
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Arvind Ltd's Nomination and Remuneration Committee has granted 32,000 stock options to eligible employees under the Employees Stock Option Scheme 2021. The exercise price is Rs. 485.80 per share, covering 32,000 equity shares of Rs. 10 each. The options will vest in three tranches: 10,560 options each on May 31, 2028 and May 31, 2029, and 10,880 options on May 31, 2030. Employees can exercise these options within 3 years from the vesting date. The scheme complies with SEBI SBEB Regulations, 2021.
This ESOP grant will cause modest dilution to existing shareholders when options are exercised, but the staggered vesting over 3+ years means the impact is gradual and not immediate. The scheme may help retain and motivate employees.