India Shelter Finance Corporation Limited has informed the Exchange regarding Grant of 284700 stock Options under ESOP schemes of the company.
INDIASHLTR · price
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India Shelter Finance Corporation Limited has received approval from its Nomination and Remuneration Committee to grant 2,84,700 stock options to eligible employees under the Employee Stock Option Scheme 2023 (ESOP 2023). The options carry a face value of Rs. 5 each and can be exercised within 5 years and 3 months from the date of first vesting. No options have been vested, exercised, or lapsed yet as this is an initial grant. The scheme complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The exercise price and detailed vesting schedule are as per the ESOP 2023 scheme documents.
This is a routine employee retention initiative that will result in minor equity dilution when options are eventually exercised. The absolute number (2,84,700 shares) appears modest relative to the company's total equity base, limiting near-term shareholder wealth impact.