CLEAN · price
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Clean Science and Technology Ltd has received approval from its Nomination and Remuneration Committee to grant 5,000 stock options to eligible employees under the company's ESOS 2021 scheme. Each option carries an exercise price of Rs. 500 and is convertible into one equity share with face value of Rs. 1. The vesting schedule spans four years with 20% vesting annually for the first three years and 40% in the final year (2027-2030). Employees will have one year from each vesting date to exercise their options. The company confirms the scheme complies with SEBI's Share Based Employee Benefit and Sweat Equity Regulations, 2021.
This is a routine ESOP grant announcement with minimal immediate impact on shareholding. The fixed exercise price of Rs. 500 represents a motivation tool for employees, aligning their interests with company performance over the next four years.