Focus Lighting and Fixtures Limited has informed the Exchange regarding exercise and transfer of of 1,56,500 ESOP's shares from FLFL Employee Welfare Trust to Eligible Employees.
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Focus Lighting and Fixtures Limited transferred 1,56,500 equity shares from its Employee Welfare Trust to 7 eligible employees who exercised their stock options on May 8, 2025, under the company's ESOP Plan 2019. The exercise price was Rs. 12.6 per share, and the company received Rs. 19.71 lakh from this exercise. So far, the company has granted 25 lakh stock options in total, of which 20.62 lakh have vested. The largest allotment went to Santosh Gangadhar Prasad (67,500 shares), followed by Vinod Hinger (24,000 shares). The scheme complies with SEBI's Share Based Employee Benefits Regulations, 2021.
This is a routine ESOP exercise with minimal dilution (1.56 lakh shares out of the total capital). The impact on share price is expected to be negligible, though it reflects healthy employee participation and alignment with shareholders' interests.