Submission of disclosure of grant of 1,72,000 stock option to the eligible employees under the terms of "Axita Cotton Stock Option Plan 2023" in correct tab, which was inadvertently submitted ....
AXITA · price
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Awaiting price reaction for this filing.
Axita Cotton Limited has informed the stock exchanges that its Nomination and Remuneration Committee granted 1,72,000 stock options to eligible employees on May 6, 2025 under the '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 options will vest on the first anniversary of the grant date and can be exercised within one year of vesting. The company clarified that an earlier filing on May 6 was mistakenly posted under 'Date of Payment of Dividend' and has now been re-submitted correctly under 'General Announcement'.
This is a routine ESOP grant disclosure with a very small dilution potential (1.72 lakh shares at Rs. 2 exercise price vs. likely much higher market price). The re-filing is purely an administrative correction and has no material financial impact on shareholders. Watch for the vesting date next year as it could lead to mild share supply increase.