Intimation regarding grant of options under the IGI Employee Stock Option Plan - 2024
IGIL · price
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International Gemological Institute Ltd has announced that its Nomination and Remuneration Committee approved the grant of 209,938 employee stock options to eligible employees under the IGI ESOP Plan 2024. Each option, when exercised, will convert into one equity share of face value Rs. 2 each. The pricing formula has been determined by the NRC as per the ESOP Plan 2024. The company confirmed this scheme complies with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021. This disclosure is made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.
The grant represents potential dilution of equity shares but is a standard employee retention mechanism. The actual EPS impact depends on future exercise of these options, which will be accounted for at that time.