Godrej Industries Limited has informed the Exchange regarding Forfeiture/Cancellation of 4347 Options.
GODREJIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Godrej Industries Limited informed exchanges that its Nomination and Remuneration Committee approved grant of 35,998 fresh stock options to eligible employees under the ESGS 2011 scheme. The options have an exercise price of ₹1 per option and vest over 3 years. Separately, the committee noted the lapse of 4,347 stock grants previously issued under the same scheme, meaning those employees can no longer claim any equity from those grants. The new grant size (35,998) exceeds the lapsed amount (4,347), resulting in a net addition to employee stock grants.
Minimal impact on shareholders - this is routine equity compensation administration. The net addition of 31,651 options represents marginal potential dilution spread over 3 years of vesting.