Axita Cotton Limited has informed the Exchange regarding the approval of grant of 1,72,000 stock options to the eligible employees under the terms of "Axita Cotton Employee Stock Options Plan 2023".
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Axita Cotton Limited has approved the grant of 1,72,000 stock options to eligible employees under its 'Axita Cotton Employee Stock Option Plan 2023'. Each option can be converted into one equity share of face value Re. 1 at an exercise price of Rs. 2 per option. All granted options will vest on the first anniversary of the grant date, and employees will have a one-year window from the vesting date to exercise them. The decision was taken by the Nomination and Remuneration Committee at its meeting held on May 6, 2025.
This ESOP grant will lead to mild equity dilution (up to 1,72,000 new shares) once options are exercised. It signals management's effort to retain and motivate employees, aligning their interests with shareholders, though the very low exercise price of Rs. 2 (versus market price) means the grant is highly valuable to recipients.