Gopal Snacks Limited has informed the Exchange regarding Grant of 20210 Options.
GOPAL · price
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Gopal Snacks Limited has announced two key ESOP-related updates. First, the company allotted 18,400 equity shares to eligible employees who exercised their vested stock options under the GOPAL ESOP-2023 scheme. This increased the company's paid-up share capital from ₹12,46,48,419 to ₹12,46,66,819. Second, the Nomination and Remuneration Committee approved the grant of 20,210 new stock options to eligible employees at an exercise price of ₹1 per option. These options will vest 100% after one year from the grant date and can be exercised within seven years from the respective vesting date. The new shares issued upon exercise will rank pari-passu with existing equity shares.
This is a routine ESOP disclosure that will cause minor share dilution of approximately 18,400 shares (0.015% of total shares). The stock options align employee interests with shareholders but have negligible impact on the stock price in the near term.