We wish to inform you that Nomination and Remuneration Committee of the Board of Directors of the Company vide Circular Resolution passed on April 28, 2025 has approved the grant of 820000 ....
BATLIBOI · price
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Batliboi Ltd's Nomination and Remuneration Committee approved the grant of 8,20,000 stock options to eligible employees on April 28, 2025, via a circular resolution. Each option is convertible into one equity share of Rs. 5 face value, giving the scheme a potential dilution footprint of 8.20 lakh shares. The exercise price has been fixed at Rs. 70 per share, which is a discount to the latest available closing price on the stock exchange on April 25, 2025. The scheme is compliant with SEBI (SBEB) Regulations, 2021, and the exercise window is up to five years from the date of respective vesting. No options have vested or been exercised yet.
The ESOP grant, if fully exercised, will result in dilution of existing shareholders by up to 8.20 lakh shares at Rs. 70 per share. The discounted exercise price is a positive retention/attraction tool for employees but may also mean cash inflow at a price below market, marginally diluting shareholder value.