Cera Sanitaryware Limited has informed the Exchange regarding 'Intimation of Vesting of Stock Options under the Cera Sanitaryware -Employee Stock Option Scheme 2024'.
CERA · price
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Awaiting price reaction for this filing.
Cera Sanitaryware has informed the exchanges that 1,496 employee stock options have vested under the company's ESOS 2024 scheme. These options represent 10% of the 14,950 options originally granted to eligible employees on 5th June 2024, completing their one-year time-based vesting period. The vested options are now available for exercise from 5th June 2025, with employees having up to 5 years to exercise them. The exercise price is set at the face value of Rs. 5 per equity share, and the scheme is compliant with SEBI (SBEB) Regulations, 2021. This is the first tranche of vesting, with further vesting scheduled annually over the next four years at 15%, 15%, 30%, and 30% respectively.
This is a routine ESOP vesting disclosure with minimal dilution impact (only 1,496 shares against the company's total share capital). It is unlikely to materially affect the stock price, though it signals the company is actively using stock options to retain and incentivize employees, aligning their interests with shareholders.