Eternal limited has informed the exchange regarding grant of stock options pursuant to approval of nomination and remuneration committee
ETERNAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Eternal Limited has granted a total of 7,418,741 stock options to eligible employees across three ESOP schemes. The largest grant of 5,616,479 options is under ESOP 2024, followed by 1,802,224 options under ESOP 2021 and just 38 options under ESOP 2014. Each option carries an exercise price of just ₹1 per share and converts into one fully paid-up equity share of ₹1 face value. The company confirms these schemes comply with SEBI regulations on share-based employee benefits. Importantly, shares allotted upon exercise of these options will not be subject to any lock-in period, giving employees full flexibility to sell immediately.
This is a routine employee compensation disclosure with minimal direct impact on shareholders. The low exercise price of ₹1 and absence of lock-in could create some dilution pressure when options are exercised, but this is a standard ESOP program update rather than a significant corporate event.