Greaves Cotton Limited has informed the Exchange regarding of 305307 Options.
GREAVESCOT · price
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Greaves Cotton Limited has informed the stock exchanges that its Nomination and Remuneration Committee, at a meeting on 13th March 2026, approved the grant of up to 3,05,307 stock options to eligible employees under the company's ESOP 2024 plan. The options are in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Upon exercise, fresh equity shares of face value Rs. 2 each will be issued, with an exercise price not less than Rs. 2. There is a minimum one-year gap between grant and vesting, and options can be exercised up to 8 years from the vesting date. The company has clarified that this is not a material event and is being disclosed purely for transparency.
This is a routine ESOP grant and the company itself states it is not material. Fresh equity issuance upon exercise will lead to minor dilution for existing shareholders, but the small size of the grant relative to typical share counts means the dilution impact is limited.