GRP board approves AGM notice on Jul 23 and grants 79,400 ESOPs
GRPLTD · price
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GRP Limited's board met on June 17, 2026 and approved the notice for the 52nd Annual General Meeting scheduled for July 23, 2026 at 12:30 p.m. via video conference. The board also approved the grant of 79,400 stock options under the GRP Limited Employee Stock Option Plan 2024 to eligible employees. Each option converts to one equity share of face value Rs. 10. The exercise price is set as the 15-day VWAP average preceding the grant date. Vesting occurs over a maximum 4 years based on performance targets, with a 3 year exercise window after vesting.
Minor dilution potential from 79,400 ESOPs; routine AGM and employee incentive disclosure with no material financial impact.