Greaves Cotton Limited has informed the Exchange regarding Grant of 339229 Options.
GREAVESCOT · price
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Greaves Cotton Limited has announced the grant of up to 339,229 stock options to employees under the Greaves Cotton Employee Stock Option Plan 2024 (ESOP 2024). The options have an exercise price of Rs. 2/- per option and can be exercised within 8 years from the vesting date. The grant has been approved by the Nomination and Remuneration Committee in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. This is a routine employee compensation arrangement common among listed companies.
This is a standard ESOP grant announcement with no direct impact on shareholding or stock price. The exercise price of Rs. 2/- is significantly below market price, which could result in dilution upon exercise, but the impact is limited given the relatively small number of options.