Transfer of Equity shares pursuant to exercise of options granted under Crest - Employees Stock Option Plan 2022
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Crest Ventures Limited disclosed that its Nomination and Remuneration Committee approved the transfer of 2,000 fully paid-up equity shares (face value INR 10 each) to eligible employees. These shares were exercised from the Crest – Employee Welfare Trust under the company's ESOP Scheme 2022. The exercise price was INR 200 per option, generating INR 4,00,000 (INR 4 Lakhs) for the Trust. The company confirmed there is no change in its total paid-up equity share capital as the transfer is from the existing welfare trust. The scheme complies with SEBI (SBEB) Regulations, 2021. As of the filing date, 66,000 options are vested under ESOP Grant II out of total 1,83,000 options granted. The transferred shares will be subject to a 12-month lock-in period from the date of credit.
This is a routine and immaterial event — only 2,000 shares out of a likely much larger equity base. No change in share capital means no dilution, and the lock-in period limits immediate selling pressure. Minimal impact on the stock in the short term.