ETERNAL LIMITED has informed the Exchange regarding Grant of 6477602 Options.
ETERNAL · price
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Eternal Limited's Nomination and Remuneration Committee approved, via circular resolution on July 1, 2025, the grant of 64,77,602 stock options to eligible employees under two ESOP schemes: 66 options under ESOP 2014 and 64,77,536 under ESOP 2021. Including adjustments from prior corporate actions, the total options now cover 69,19,736 equity shares of face value ₹1 each. The exercise price is a nominal ₹1 per option, with a window of 10 years from vesting or 12 years from listing (whichever is later). Shares issued upon exercise will not be subject to any lock-in period.
This is a routine employee stock option grant that will lead to mild future dilution when options are exercised, but the very low ₹1 exercise price is a strong retention tool for employees. No immediate material impact on share price is expected as grants of this nature are already factored into market expectations.