CCL Products (India) Limited has informed the Exchange regarding Grant of 161850 Options.
CCL · price
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CCL Products' Nomination and Remuneration Committee granted 161,850 stock options to eligible employees under the CCL Employee Stock Option Scheme-2022. Additionally, 1,48,473 options were vested. The exercise price is Rs. 2 per share (face value), with a 2-year exercise window from vesting. 6,475 options lapsed due to employee resignations. The company also redefined and reclassified its Senior Management Personnel to align with the current organisational structure. The revised Senior Management Personnel includes CEO, CFO, Company Secretary, CHRO, Head of Business Development, and Head of Operations. The scheme complies with SEBI (SBEB) Regulations, 2021.
The ESOP grant is a routine employee retention initiative and is dilutive to equity only upon exercise. The structural reclassification of senior management is an internal governance update with no immediate shareholder impact.