Grant of Stock Options under Electronics Bazaar Employees Stock Option Scheme - 2024
EBGNG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Nomination and Remuneration Committee has approved the grant of up to 696,500 stock options to eligible employees under the ESOP Scheme 2024. The exercise price is Rs. 2 per option, which is at face value and represents a discount to the fair market value as of May 27, 2026. The options will vest over a period of 3 years, with 33.33% vesting each year after 12, 24, and 36 months from the grant date. Once vested, employees can exercise these options within 2 years. This is a routine equity compensation announcement as part of the company's employee retention strategy.
This ESOP grant is a positive signal for employee motivation and retention but has no immediate impact on shareholder value. It may have a minor dilutive effect in the long term when options are exercised.