Intimation of Grant of 55,125 Employee Stock Options under "Clean Science and Technology Limited Employee Stock Options Scheme 2021".
Awaiting price reaction for this filing.
Clean Science and Technology Limited has granted 55,125 stock options to eligible employees under its Employee Stock Option Scheme 2021. The options carry an exercise price of Rs. 500 per option, against the face value of Re. 1 per equity share. Of the total, 51,522 options will vest over 3 years (30%-30%-40%) starting April 2026, while the remaining 3,603 options will vest over 4 years (20%-20%-20%-40%). Employees have 1 year from each vesting date to exercise the options. The grant was approved by the Nomination and Remuneration Committee on April 30, 2025.
This is a routine ESOP grant with a modest dilution of 55,125 shares and a relatively high exercise price of Rs. 500, suggesting the stock options are tied to future value creation. Minimal impact on existing shareholders as the dilution is small and no shares have been issued yet.