Godrej Properties Limited has informed the Exchange about General Updates
GODREJPROP · price
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Godrej Properties has corrected an earlier filing about stock option grants under its Employee Stock Grant Scheme (ESGS). The Nomination and Remuneration Committee approved the grant of 25,292 stock options to eligible employees (revised from the earlier mistakenly stated figure of 24,829) at an exercise price of ₹5 per option, which equals the face value of each equity share. The options will vest over 3 years and must be exercised within 1 month of vesting. Separately, the Committee noted the lapse of 2,726 stock grants previously issued to an employee, who will no longer have any claim on them.
This is a routine ESOP administrative disclosure with no material financial impact. The small correction (463 options) and lapse of 2,726 grants are insignificant relative to the company's overall share base. No material effect on shareholders or stock price is expected.