Astec LifeSciences Limited has informed the Exchange about Grant of Stock Options.
ASTEC · price
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Astec LifeSciences has informed the stock exchanges that its Nomination and Remuneration Committee approved the grant of 1,142 stock options to an eligible employee under the company's ESOP 2012 plan. Each option can be converted into one equity share of face value Rs. 10 at an exercise price of Rs. 10 per option. The options will vest over a period of 3 years and must be exercised within 1 month of vesting. The grant is made in compliance with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021.
This is a small, routine ESOP grant (1,142 shares is a very minor allocation) to a single employee, with minimal dilution impact. Shareholders are unlikely to see any meaningful effect on the stock price or shareholding pattern from this announcement.