Intimation of grant of stock options
GALAXYSURF · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Galaxy Surfactants has announced the grant of 10,235 stock options to eligible employees under its Performance Stock Option Plan 2025. Each option entitles the holder to purchase 1 equity share of Rs. 10 face value at an exercise price of Rs. 10 per share. The options have not yet vested and will vest only after the Annual General Meeting for Financial Year 2028-29, subject to achievement of performance criteria and continued employment. Once vested, options must be exercised within 4 years or they will lapse. The company may grant up to 157,383 options in total under this scheme. No options have been exercised yet.
This is a routine employee compensation mechanism that will have a minimal dilutive effect on earnings per share in future years when options are exercised. The long vesting period tied to performance criteria aligns employee interests with shareholder value.