Geojit Financial Services Limited has informed the Exchange regarding 'Outcome of Nomination and Remuneration Committee Meeting held on 22.08.2025'.
GEOJITFSL · price
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Geojit Financial Services announced that its Nomination and Remuneration Committee, at a meeting on 22 August 2025, approved the grant of employee stock options under two schemes. Under ESOS 2024, 2,00,000 options were granted, while a much larger 86,10,200 options were granted under ESOS 2025. The exercise price for both was set at Rs. 74.77, which is the NSE closing price on 21 August 2025. Cumulatively, the options under these schemes would translate into about 15 lakh equity shares (ESOS 2024) and 97.65 lakh equity shares (ESOS 2025) if fully exercised. No options have vested or been exercised yet; ESOS 2024 also saw 1,50,000 options lapse. The move is aimed at attracting and retaining talent, rewarding past performance, and aligning employees with the company's long-term growth.
The large grant of ESOPs (especially under ESOS 2025, covering roughly 97.65 lakh potential shares) could lead to future dilution for existing shareholders once options are vested and exercised. However, at the current stage, there is no immediate financial impact, and the exercise price being set at the market price means employees only benefit from future share price appreciation.