Awfis Space Solutions Limited has informed the Exchange regarding Grant of 619000 Options.
AWFIS · price
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Awfis Space Solutions has granted 619,000 stock options to eligible employees under its Employee Stock Option Scheme 2024, approved by the Nomination and Remuneration Committee on July 3, 2025. Each option is convertible into one equity share of Rs. 10 face value, with an exercise price set at Rs. 376 per option — roughly a 40% discount to the previous trading day's closing price. The options will vest over four years in equal annual tranches of 25%, and vested options must be exercised within 2 years of vesting. The scheme is implemented via the direct route, meaning the company will allot fresh shares to employees upon exercise. The filing also notes that 2,894 options have lapsed earlier.
This is a routine ESOP grant aimed at attracting and retaining talent, with no immediate effect on the share price. However, once these options are exercised, existing shareholders will see dilution of about 0.6% (619,000 shares versus an estimated ~100 million+ share base), spread out over the four-year vesting schedule. Investors should keep an eye on cumulative ESOP dilution in future filings.