BlueStone Jewellery and Lifestyle Limited has informed the Exchange about Options to purchase securities
BLUESTONE · price
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BlueStone Jewellery and Lifestyle Limited announced that its Nomination and Remuneration Committee has approved the grant of 2,09,319 ESOP options to employees. The exercise price is Rs. 1 per option, which is notably low and represents a significant discount to market price. The options vest over 4 years with 25% vesting after the first year and the remaining unvested options vesting monthly thereafter. The scheme complies with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021. Options can be exercised within 10 years from the vesting date.
This ESOP grant aligns employee interests with shareholders and can help retain talent, but also results in potential share dilution of 209,319 equity shares in the future.