Grant of Options under Kanpur Plastipack Limited Employee Stock Option Scheme - 2025.
KANPRPLA · price
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Kanpur Plastipack Limited's Nomination and Remuneration Committee granted 4,04,740 employee stock options (convertible into equal number of equity shares of Rs. 10 face value) on May 8, 2026. The exercise price was set at Rs. 202 per option, linked to the prevailing market price as per the scheme. The vesting period ranges from 1 to 4 years from the grant date, with options exercisable within 1 year of vesting. The scheme is compliant with SEBI (SBEB & SE) Regulations, 2021, and implementation will be via fresh allotment. The committee meeting lasted from 11:00 AM to 12:20 PM. The company retains the right to re-price options if market conditions render them unattractive.
The option grant could lead to future share dilution of approximately 4,04,740 shares. The exercise price of Rs. 202 indicates the committee's view of the current market valuation. Re-pricing flexibility suggests management anticipates potential stock price volatility.