Bajel Projects Limited has informed the Exchange regarding 'ESOP Grant'.
BAJEL · price
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Bajel Projects Limited has granted 2,40,000 (2.4 lakh) stock options to eligible employees under its Employee Stock Option Plan 2024. The options are exercisable into an equal number of equity shares with a face value of ₹2 each, at an exercise price of ₹133.71 per option. The scheme complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. As of the grant date, no options are vested or exercised. Vesting will happen over a minimum of 1 year to a maximum of 5 years from the grant date, with a 7-year exercise window from the first vesting. The shares allotted upon exercise will not be subject to any lock-in period.
This is a routine employee compensation action with no immediate financial impact. There is a minor future dilution risk once these options vest and are exercised, but currently no shares have been issued. The ESOP grant is unlikely to materially affect the stock price in the short term.