IKIO Technologies Limited has informed the Exchange about General Updates - Intimation of grant of options under "ILL Employee Stock Option Scheme 2022".
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IKIO Technologies has informed the stock exchanges about the grant of 1,95,000 stock options to eligible employees of the company and its subsidiaries under its 'ILL Employee Stock Option Scheme 2022'. The options were approved by the Nomination and Remuneration Committee on 13th May 2025. Each option is convertible into one equity share of face value Rs. 10, at an exercise price of Rs. 150 per option. Vested options must be exercised within 3 months (in up to 2 tranches) or they will lapse. This is a routine ESOP allotment under SEBI's SBEB Regulations, 2021.
This is a routine employee compensation action with a modest dilution of 1,95,000 shares and no immediate cash impact. It signals alignment of employees with shareholder value creation, but is unlikely to materially affect the stock price.