Crest Ventures Limited has informed the Exchange regarding Exercise of 70000 Options.
CREST · price
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Awaiting price reaction for this filing.
Crest Ventures informed the exchanges that the Nomination and Remuneration Committee approved the transfer of 70,000 equity shares (face value ₹10 each) to eligible employees from the Crest Employee Welfare Trust upon exercise of vested options under the Crest ESOP 2022 plan. The exercise price was ₹200 per share, generating ₹1.4 crore for the trust. The company clarified that paid-up equity share capital remains unchanged since the shares are being transferred from the trust rather than newly issued. The scheme is compliant with SEBI (SBEB) Regulations, 2021, and total options granted to date stand at 2,53,000 shares.
This is a routine ESOP exercise disclosure with no dilution to existing shareholders since shares are sourced from the employee welfare trust. Minimal impact on share price; signals ongoing employee incentive alignment.