Godrej Properties Limited has informed the Exchange about General Updates
GODREJPROP · price
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Godrej Properties has informed exchanges that its Nomination and Remuneration Committee approved the grant of 24,829 stock options to eligible employees under the GPL Employee Stock Grant Scheme 2011, at an exercise price of ₹5 per option. Each option converts into one equity share of face value ₹5, with a vesting period of 3 years and an exercise window of 1 month from vesting. Separately, the Committee noted the lapse of 2,726 previously granted stock options from one eligible employee, who forfeits all rights to those grants. The grant and lapse together result in a net addition of 22,103 stock options to the active employee stock pool.
This is a routine employee compensation disclosure with minimal dilution impact given the small number of options relative to Godrej Properties' total share base. Shareholders are unlikely to see a material effect on stock price or ownership; it reflects normal ESOP administration.