Credo Brands Marketing Limited has informed the Exchange regarding cancellation of 30,000 unvested Stock Options upon ceasing to be an eligible employee under the Credo Stock Option Plan 2020 ( the Plan ) effective from August 07, 2025, pursuant to the terms of the said Plan.
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Credo Brands Marketing Limited has cancelled 30,000 unvested stock options after an employee ceased to be eligible under the Credo Stock Option Plan 2020. The cancellation is effective from August 7, 2025. The decision was taken by the Nomination and Remuneration Committee at its meeting on July 31, 2025. The cancelled options will be added back to the stock options pool and made available for future grants under the Plan. The announcement was signed by Company Secretary Sanjay Kumar Mutha.
This is a routine administrative action with no material impact on financials or shareholding. The options being returned to the pool does not dilute existing shareholders; it simply keeps the ESOP pool intact for future use.