Honasa Consumer Limited has informed the Exchange regarding Grant of 574400 Options.
HONASA · price
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Honasa Consumer Limited's Nomination and Remuneration Committee approved the grant of 5,74,400 stock options to eligible employees under the company's Employee Stock Options Plan 2018. Each option can be converted into one equity share of face value ₹10 at an exercise price of ₹10 per option. The options, once vested, can be exercised during the employee's tenure or within 90 days from their last working day. The company confirmed the scheme complies with SEBI (SBEB) Regulations, 2014.
The ESOP grant aligns employee interests with shareholders but will result in equity dilution upon exercise of the 5,74,400 options. The low exercise price of ₹10 (face value) is positive for employees but may impact earnings per share.