Please find enclosed intimation on updates 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 Godrej Properties Employee Stock Grant Scheme, 2011 (GPL ESGS). The exercise price is ₹5 per option, with each option convertible into one equity share of ₹5 face value. The options vest over 3 years and are exercisable within 1 month from vesting. Separately, the Committee noted lapse of 3,418 stock grants previously issued to an eligible employee, which are now forfeited with no claim rights.
This is a routine employee compensation disclosure with minimal direct impact on stock price. The lapse of 3,418 grants marginally reduces potential dilution from ESOPs, which is slightly positive for existing shareholders.