Enclosed is a letter intimating grant of options under Elixir Capital Employee Stock Options Scheme 2024
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Elixir Capital Ltd has granted 62,854 stock options to eligible employees under its Employee Stock Option Scheme 2024, following a Nomination and Remuneration Committee meeting held on 16th May 2025. Each option is convertible into one equity share of face value Rs. 10. The total approved pool under the scheme is 20 lakh options. The exercise price will be linked to the market price at the time of grant, with possible discount permitted but cannot go below face value. Vesting will happen over 1 to 4 years from the grant date, with a 2-year exercise window after each vesting. The scheme will be implemented through fresh allotment of shares directly by the company.
This is only a grant stage and not yet an actual share issuance, so no immediate dilution. If all 62,854 options are eventually vested and exercised, fresh shares will be allotted, causing mild dilution for existing shareholders. The ESOP aligns employee incentives with company performance, which is generally viewed positively if tied to growth.