Intimation of grant under "Haldyn Glass Limited - Employees Stock Appreciation Rights Plan 2024"
HALDYNGL · price
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Haldyn Glass Ltd has announced the grant of 11,11,000 Employee Stock Appreciation Rights (ESARs) to eligible employees, approved by the Nomination and Remuneration Committee on September 10, 2025. The grant is made under the company's ESAR Plan 2024, which was previously approved by the Board on April 4, 2024, and shareholders on September 19, 2024. These ESARs cover up to 10,00,000 equity shares of Re.1 face value, with a grant price of Rs.60 per ESAR. As of the grant date, no ESARs have vested yet, and exercise will happen only after vesting conditions are met. The disclosure is filed under SEBI Listing Regulations and the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
This grant represents a potential future dilution of up to 10 lakh shares for existing shareholders. However, employees benefit only if the stock price rises above Rs.60, aligning employee incentives with shareholder value creation. The ESARs are not yet vested, so no immediate impact on share count or earnings.