Balrampur Chini Mills Limited has informed the Exchange regarding 'Grant of Restricted Stock Units ('RSUs').
BALRAMCHIN · price
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Balrampur Chini Mills has granted 10,17,352 Restricted Stock Units (RSUs) to its eligible employees under the 'BCML Restricted Stock Unit Scheme 2025', which operates under SEBI's Share Based Employee Benefits regulations. Each RSU can be converted into one fully paid-up equity share of Re. 1 face value, with an exercise price fixed at Re. 1 per unit. The RSUs will vest over 4 years subject to meeting certain performance conditions, and once vested, employees will have 4 additional years to exercise them.
This is a routine employee stock incentive grant and is unlikely to have a material impact on the stock price. However, it may lead to mild equity dilution over the long term as RSUs are eventually exercised and converted into shares.