Intimation for Grant of Employee Stock Options under Clean Science and Technology Limited Employee Stock Option Scheme 2021
CLEAN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Clean Science and Technology Limited has announced the grant of 5,000 employee stock options (ESOPs) to eligible employees under its 2021 ESOP scheme. Each option can be exercised to acquire one equity share at an exercise price of Rs. 500 per option. The options vest over four years starting May 2027, with 20% vesting in years 1-3 and 40% in the final year. Once vested, employees have one year to exercise their options. The company stated this grant complies with SEBI's Share Based Employee Benefit Regulations, 2021.
The grant of 5,000 options represents minimal potential dilution (0.005% based on roughly 10 crore shares). This is a routine employee retention mechanism and has negligible direct impact on shareholders or stock price in the near term.