Hind Rectifiers Limited has informed the Exchange regarding Grant of 100000 Options under the existing Hirect Employees Stock Option Plan - 2018.
HIRECT · price
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Hind Rectifiers Limited has informed the stock exchange about granting 100,000 stock options to its employees under the existing Hirect Employees Stock Option Plan - 2018. ESOPs allow eligible employees to buy company shares at a pre-decided price in the future. This is part of the company's ongoing employee incentive programme that was approved earlier. No new shares are issued immediately; options vest over time as per the plan's rules. Shareholders may see a slight dilution impact once these options are exercised in the future.
This is a routine ESOP grant and unlikely to cause any immediate reaction in the stock price. Existing shareholders may face minor dilution if and when these options are exercised and converted into shares.