Outcome of Board Meeting held on May 22, 2026 - Grant of Options under ESOS.
INDIGOPNTS · price
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Indigo Paints Limited's Board of Directors, in its meeting held on May 22, 2026, approved the grant of 44,400 employee stock options to eligible employees under the ESOS 2019 and ESOS 2024 schemes. The exercise price for these options is Rs. 10 per option. The options will vest over a period of 4 years: 10% after year 1, 20% after year 2, 30% after year 3, and 40% after year 4 from the date of grant. Once vested, employees can exercise these options within 48 months. If all 44,400 options are exercised, 44,400 equity shares of Rs. 10 face value each will be issued. The scheme is compliant with SEBI (SBEB) Regulations, 2021.
This is a routine ESOS grant that dilutes shareholder equity by a minimal 44,400 shares. It aligns employee and management interests with shareholders, which can be positive for long-term performance but has a small dilutive effect on existing shareholders.