Godrej Properties Limited has informed the Exchange about Update on GPL ESOP grant and Lapse
GODREJPROP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Godrej Properties' Nomination and Remuneration Committee approved grant of 29,371 stock options to eligible employees under the Employee Stock Grant Scheme, 2011. Each option allows purchase of 1 equity share at ₹5 per share (matching face value). The options vest over 3 years and must be exercised within 1 month of vesting. Separately, the Committee noted lapse of 3,418 stock grants previously issued to an employee, extinguishing their rights to those grants. The meeting was held on May 4, 2026.
This is a routine employee compensation disclosure with negligible impact on stock price. The ESOP grant aligns employee interests with shareholders but involves minor equity dilution spread over time.