Laxmi Organic Industries Limited has informed the Exchange about General Updates, Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that Nomination and Remuneration Committee of the Board of Directors of the Company at its meeting held on Tuesday, May 20, 2025, has approved grant of Stock options under Laxmi Employee Stock Option Plan 2024 ( ESOP-2024 ) as per details enclosed.
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On May 20, 2025, the Nomination and Remuneration Committee of Laxmi Organic Industries approved the grant of 676,543 stock options to eligible employees under the company's ESOP-2024 plan. Each option is convertible into one equity share of Rs. 2 face value, at an exercise price of Rs. 126 per share. All 676,543 options are fully vested immediately, and employees have up to 5 years to exercise them. The scheme is fully compliant with SEBI's Share Based Employees Benefits & Sweat Equity Regulations, 2021. No options have been exercised so far under this grant.
This is a modest equity dilution risk (roughly 6.76 lakh shares) and signals management's intent to retain and incentivize employees through ownership. The Rs. 126 exercise price is well above face value, so any future exercise will bring fresh capital into the company without significantly affecting existing shareholders.