Iris Business Services Limited has informed the Exchange about General Updates
IRIS · price
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Awaiting price reaction for this filing.
On June 20, 2025, the Nomination and Remuneration Committee of IRIS Business Services Limited approved the grant of 10,000 stock options to eligible employees under the company's Employee Stock Option Plan 2023. The options have an exercise price of Rs. 241.65 per share, against a face value of Rs. 10 per share. These options will vest in three tranches — 33% on the first anniversary, 33% on the second, and 34% on the third anniversary from the grant date. Employees will have up to 5 years from each vesting date to exercise the options. The plan is fully compliant with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021. No options have been vested or exercised so far under this scheme.
This is a small, routine ESOP grant with minimal dilution (10,000 shares) and signals the company is using stock-based incentives to retain employees. It is unlikely to have a material effect on share price or existing shareholders.