Indigo Paints Limited has informed the Exchange about General Updates
INDIGOPNTS · price
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Indigo Paints has approved the grant of 44,400 stock options to eligible employees under its ESOS 2019 and ESOS 2024 schemes. The exercise price is Rs. 10 per option, decided by the Nomination and Remuneration Committee. Options vest over 4 years with 10% at year 1, 20% at year 2, 30% at year 3, and 40% at year 4 from the grant date. Once vested, employees can exercise options within 48 months. If all options are exercised, 44,400 equity shares of Rs. 10 face value each will be issued. No options have been exercised or lapsed yet.
This is a routine ESOP grant announcement that will cause future dilution as shares are issued upon exercise. It has no immediate impact on the stock price but is positive for employee retention and alignment of interests with shareholders.