Kernex Microsystems (India) Limited has informed the Exchange regarding Grant of 1200 Options.
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Kernex Microsystems has granted 1,200 stock options to eligible employees under its Employee Stock Options Scheme 2023 (KMIL ESOS 2023). The grant was approved by the Nomination and Remuneration Committee on May 23, 2025, following shareholder approval via postal ballot dated August 23, 2024. Each option is convertible into one equity share of face value Rs. 10, with an exercise price of Rs. 25 per option. The options will vest after one year from the grant date, and the maximum number of shares that may arise on exercise is 1,200.
The grant is very small in size (1,200 shares) and will have negligible dilution impact on existing shareholders. The exercise price of Rs. 25 represents a modest premium over the Rs. 10 face value, and options will only dilute equity if the stock trades above that level after the one-year vesting period.