Board Meeting held to consider and approved the implementation of Epuja Spiritech Employee Stock Option Scheme 2025 ('ESOP 2025'/'Scheme'), subject to the approval of shareholders of the ....
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The board of Epuja Spiritech Ltd approved the implementation of the Epuja Spiritech Employee Stock Option Scheme 2025 (ESOP 2025), subject to shareholder approval. The scheme allows for up to 3 crore stock options, each convertible into one equity share of Re. 1 face value, to be granted to eligible employees in one or more tranches. The exercise price will be set between the face value and the fair market value on the grant date, and vested options must be exercised within 7 years. The scheme will be administered by the Nomination and Remuneration Committee and complies with SEBI's SBEB Regulations 2021. The board also approved the notice for the 46th Annual General Meeting scheduled for September 18, 2025, via video conferencing.
If approved by shareholders, up to 3 crore new shares could be issued over time, leading to potential equity dilution. The ESOP is designed to attract and retain employees, but existing shareholders will vote on the scheme at the upcoming AGM and should watch for dilution impact.