Campus Activewear Limited has informed the Exchange regarding Grant of 313900 Options.
CAMPUS · price
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Awaiting price reaction for this filing.
Campus Activewear's Nomination and Remuneration Committee granted stock options to employees on 22nd May 2025 under the ESOP 2021 – Vision Pool. A total of 23,900 options were given to 3 eligible employees at a very low exercise price of Rs. 5 per share, vesting equally over 4 years. Separately, 30,000 options were granted to Senior Managerial Personnel at Rs. 197.16 per share with a 1-year vesting period. Additionally, the Committee set KPI-based performance targets for 2 senior employees (1 KMP and 1 SMP), making them eligible for between 130,000 and 260,000 options at Rs. 197.16 per share for FY 2025-26, pending Board approval. The headline figure of 313,900 reflects the maximum potential grant including the upper end of the KPI-based allocation.
The grant at Rs. 5 per share is significantly below market price, representing meaningful potential value to those employees and likely some future dilution for existing shareholders. The pending KPI-linked grant of up to 260,000 options, once approved, could further dilute equity. Overall, the move ties senior management to performance targets, which is a positive governance signal, but shareholders should monitor cumulative dilution from ESOPs.