Intimation Of Grant Of Stock Options Under 'Avantel Employees Stock Option Plan 2023 (ESOP 2023)'
AVANTEL · price
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Awaiting price reaction for this filing.
Avantel Limited has granted 5,68,942 stock options to eligible employees under its Avantel Employees Stock Option Plan 2023 (ESOP 2023). The grant was approved by the ESOP Allotment Committee on August 19, 2025. Each option will convert into one fully paid-up equity share of Rs. 2 face value upon exercise. The options have a minimum one-year vesting period, with 10% vesting in the first year, 20% in the second year, 30% in the third year, and 40% in the fourth year from the date of grant. The plan is fully compliant with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021. No options have been exercised yet, and details of the pricing formula are governed by the ESOP 2023 plan terms.
This is a routine employee incentive announcement and is unlikely to move the stock price meaningfully in the short term. However, if all options are eventually exercised, it could result in dilution of around 5,68,942 shares (the exact percentage depends on Avantel's current share capital). Shareholders should monitor future filings for exercise of these options.