Please find attached herewith the intimation for Grant of Stock Options
GREAVESCOT · price
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Greaves Cotton's Nomination and Remuneration Committee has approved the grant of up to 3,39,229 stock options to employees under the Greaves Cotton Employee Stock Option Plan 2024. The exercise price has been fixed at Rs 2 per option. The options can be exercised within 8 years from the vesting date. This ESOP grant is in compliance with SEBI SBEB & SE Regulations, 2021. The company has notified both BSE and NSE about this employee benefit scheme.
The ESOP grant aligns employee interests with shareholders and can help retain talent. However, it results in potential equity dilution. The low exercise price of Rs 2 indicates these options are likely granted at a significant discount to current market price, creating value for employees.