Fujiyama Power grants 4 lakh stock options to employees under ESOP 2023
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Fujiyama Power Systems' Nomination and Remuneration Committee approved grant of 4,00,000 Employee Stock Options under ESOP 2023 to eligible employees. Each option can be converted into one equity share of Rs. 1 face value. Exercise price will be set by the Compensation Committee, but not below Rs. 1 per share. Options have a minimum vesting of 1 year and maximum of 4 years from the grant date, with a 1-year exercise window after vesting. The scheme complies with SEBI's Share Based Employee Benefits Regulations, 2021.
Minor potential dilution of up to 4 lakh shares; aligns employee incentives with shareholder interests. Limited near-term price impact.