GNG Electronics Limited has informed the Exchange regarding 'Grant of Stock Options under Electronics Bazaar Employees Stock Option Scheme 2024 '.
EBGNG · price
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The Nomination and Remuneration Committee of GNG Electronics Limited has approved the grant of up to 696,500 stock options to eligible employees under the Electronics Bazaar Employees Stock Option Scheme 2024. The options have an exercise price of Rs. 2 per option (face value), representing a discount to the fair market value as of May 27, 2026. The vesting period spans 3 years with one-third of options vesting at the end of each 12-month interval. Once vested, employees can exercise options within a 2-year window. Upon full exercise, this will result in dilution of up to 696,500 equity shares of Rs. 2 each.
This is a routine employee stock option grant that aligns employee interests with shareholders. The significant discount to fair value may impact future earnings per share when options are exercised but is not expected to have immediate impact on the stock price.