CEAT Limited has informed the Exchange about grant of options.
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CEAT Limited's Nomination and Remuneration Committee approved the grant of 108,572 stock options to eligible employees on August 6, 2025, under the CEAT Employees Stock Options Scheme 2025. Each option is convertible into one equity share of Rs. 10 face value, with an exercise price of Rs. 2,705.38 per option, which reflects a 15% discount on the prevailing market price. The scheme is implemented through the trust route, meaning the CEAT Limited Welfare Trust will acquire existing shares from the market via secondary acquisition. Vested options must be exercised within a maximum period of 3 years. No fresh equity issuance is involved at this stage.
This is a routine employee incentive grant with limited immediate impact on shareholders, as shares will be sourced from the open market rather than fresh issuance. The trust-route mechanism means eventual dilution will depend on how many options are actually exercised, and it reflects the company's effort to retain and motivate key employees.