Cera Sanitaryware Limited has informed the Exchange regarding 'Intimation of Exercise of Stock Options under the Cera Sanitaryware - Employee Stock Option Scheme 2024'.
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Cera Sanitaryware Limited informed the exchanges that eligible employees exercised 1,236 stock options on 18th June 2025 under the Cera Sanitaryware - Employee Stock Option Scheme 2024. These options were part of the first tranche (1,496 options) that vested on 5th June 2025 from a total grant of 14,950 options made on 5th June 2024. The exercise price is Rs. 5 per option (face value), bringing in only Rs. 6,180 for the company. The shares are being transferred from the CERA Sanitaryware Employees Welfare Trust (bought from the secondary market), so there is no change in the company's paid-up equity share capital and no dilution for existing shareholders.
This is a routine ESOP exercise disclosure with negligible financial impact for shareholders. Since shares come from the trust's secondary market holdings rather than fresh issuance, there is no equity dilution. The small exercise price (face value only) also means no meaningful capital inflow for the company.