eClerx Services Limited has informed the Exchange regarding 'Intimation of Vesting of Employee Stock Options under Company s Employee Stock OptionScheme 2015'.
ECLERX · price
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eClerx Services has informed the exchanges that 2,11,005 employee stock options, originally granted on May 24, 2022, have completed their 3-year time-based vesting period and are now available for exercise from April 1, 2025. These options are part of a larger pool of 4,97,240 options granted under the company's ESOP Scheme 2015, which is compliant with SEBI's Share Based Employee Benefits Regulations, 2021. The exercise price is set at the lower of the closing market price prior to grant or the average of the two-week high and low preceding the grant date. The scheme is administered through an ESOP Trust that purchases shares from the secondary market, meaning no fresh equity dilution occurs when employees exercise these options. Employees have a 3-year window from the vesting date to exercise their vested options.
This is a routine regulatory disclosure about ESOP vesting. Since the ESOP Trust acquires shares from the secondary market rather than issuing new shares, there is no equity dilution for existing shareholders. The stock may see modest supply pressure if employees decide to exercise and sell, but the impact is likely minimal given the relatively small size of the tranche (about 2.1 lakh shares).