Kansai Nerolac Paints Limited has informed the Exchange regarding Grant of 114632 Options.
KANSAINER · price
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Kansai Nerolac Paints has informed the exchanges that its Nomination and Remuneration Committee has approved a further grant of 1,14,632 Restricted Stock Units (RSUs) to selected employees under the RSU Plan 2022, with a grant date of 1st June 2025. Each RSU is convertible into one equity share of Re. 1 face value, and the exercise price is fixed at face value as on the date of exercise. As per cumulative disclosures, so far 1,69,524 RSUs have vested, 1,11,099 have been exercised, and 3,69,299 have lapsed. The diluted EPS on account of these options is reported at Rs. 8.24 (not annualized).
This is a routine employee stock incentive grant and is unlikely to materially affect the stock price. It represents a minor potential dilution to existing shareholders, but the small size relative to the company's share base means the impact is negligible. The grant at face value is favorable for employees.