Godrej Agrovet Limited has informed the Exchange regarding lapse of 7,218 Stock Options granted under the Employees Stock Grant Scheme 2018 (ESGS 2018)
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Godrej Agrovet has reported that 7,218 stock options granted under its Employees Stock Grant Scheme 2018 (ESGS 2018) have lapsed. Stock options typically lapse when an employee resigns, retires, or fails to meet vesting conditions before exercising them. This is a routine disclosure made by the company to update the stock exchanges on ESOP-related activity. The lapsed options will not be exercised and will not result in any new equity issuance, meaning there is no dilution from these particular grants. The number is small relative to typical ESOP pools at large listed companies.
This is a routine administrative disclosure with no material impact on shareholders or the stock price, as lapsed options reduce potential dilution rather than create any new shares.