Havells India Limited has informed the Exchange about Options to purchase securities
HAVELLS · price
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Havells India has informed the stock exchanges that eligible employees have exercised their shares under three Employee Stock Purchase Plans (ESPS 2014, 2015, and 2016). A total of 2,64,689 shares of Re. 1 each were exercised — 73,082 under ESPS 2014, 1,50,000 under ESPS 2015, and 41,607 under ESPS 2016. The exercise price was Rs. 1,638.50 per share, based on the latest closing price before the Nomination and Remuneration Committee meeting. Some shares lapsed — 1,033 under ESPS 2014 and 4,434 under ESPS 2016. The company noted that dilution to EPS is negligible given the small size of these shares relative to total paid-up capital.
This is a routine disclosure on employee share exercises and has no material impact on shareholders. The dilution is described as insignificant, so investors should not expect any meaningful effect on earnings per share or stock price from this event.