Grant of ESOPs under ESOP schemes of the company
INDIASHLTR · price
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India Shelter Finance Corporation has announced the grant of 2,84,700 employee stock options (ESOPs) under its Employee Stock Option Scheme 2023. The options have a face value of Rs. 5 each, which upon exercise would result in the issuance of 2,84,700 equity shares. The exercise period is 5 years and 3 months from the date of first vesting. The grant was approved by the Nomination and Remuneration Committee on May 01, 2026, and the scheme complies with SEBI's Share Based Employee Benefits Regulations, 2021. No options have been exercised or lapsed yet.
This ESOP grant aligns employee interests with shareholders and helps retain talent. Potential share dilution of 2,84,700 shares may occur upon exercise, though no immediate impact on earnings per share is expected since options are yet to be exercised.