Control Print Limited has informed the Exchange regarding Board meeting held on April 08, 2025.
CONTROLPR · price
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Control Print Limited's Board of Directors, at a meeting held on April 8, 2025, formally adopted the ESOP Scheme 2025 under SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021. The scheme was approved earlier by shareholders through a special resolution via postal ballot on March 2, 2025. Under the plan, the company can grant stock options covering up to 7,99,710 equity shares (face value Rs. 10 each). Options will vest within 5 years of grant (minimum 1 year gap before vesting) and can be exercised up to 10 years from the date of grant. The scheme covers employees of the company and its group, subsidiaries, and associate companies, but excludes independent directors and promoters.
The ESOP scheme reserves up to about 7.99 lakh shares for employee grants, which could lead to mild equity dilution in the future once options are exercised. For shareholders, this is a standard employee retention and incentive tool — generally viewed as neutral to mildly positive, as it aligns employee interests with shareholders but may slightly dilute future earnings per share.