Intimation of approval of Employee Stock Option Scheme viz. "FTCL- Employee Stock Option Scheme 2025" ("FTCL ESOS 2025"/"Scheme"), in terms of the SEBI(Share Based Employee Benefits and ....
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Fabtech Technologies Cleanrooms Ltd's Board of Directors, at their meeting on May 5, 2025, approved a new Employee Stock Option Scheme called 'FTCL ESOS 2025' under SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021. The scheme allows granting of up to 3,69,580 equity shares (face value Rs. 10 each), which is not more than 3% of the company's issued and outstanding shares as of March 31, 2025. The exercise price will be decided by the Nomination and Remuneration Committee at the time of grant and will not be less than the face value. Options will vest no earlier than 1 year from the grant date, with a maximum vesting period of 4 years. The scheme still requires shareholder approval, which will be sought separately through a postal ballot.
This is a minor dilution event, capped at 3% of outstanding shares, and is aimed at retaining and motivating employees. Existing shareholders may see slight dilution if all options are exercised, but it is a common practice to align employee interests with shareholders. No immediate impact on stock price is expected pending shareholder approval.