Godrej Properties Limited has informed the Exchange about General Updates
GODREJPROP · price
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Awaiting price reaction for this filing.
Godrej Properties' Nomination and Remuneration Committee approved the grant of 947 stock options to eligible employees under the GPL ESGS at an exercise price of ₹5 per option (equal to face value). Each option converts into one equity share of ₹5 face value, with vesting over 3 years and a 1-month exercise window after vesting. Separately, the Committee noted the lapse of 4,858 previously granted stock options, meaning those employees forfeit any claim on those grants. The disclosure was made under SEBI Listing Regulations.
This is a routine ESOP-related disclosure with a small number of new grants (947 options) relative to the company's overall share base, so it is unlikely to cause any meaningful dilution or movement in the stock price.