Lenskart Solutions Limited informned the Exchange regarding granting of stock options pursuant to approval of Nomination and Remuneration Commiteee
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Lenskart Solutions Limited's Nomination and Remuneration Committee approved the grant of 3,47,000 Employee Stock Options to eligible employees of the company and its group/subsidiary/associate companies. Each option converts into one equity share with a face value of INR 2. The exercise price is set at INR 389 per share, determined by the average closing price for 30 days prior to the grant, with a maximum discount of 25%. The scheme is compliant with SEBI (SBEB) Regulations, 2021. If all granted options are vested and exercised, 3,47,000 new equity shares will be issued, causing dilution to existing shareholders.
This is a routine ESOP grant that will cause modest share dilution when options are exercised. The exercise price of INR 389 appears to be at market rates, and the grant is in line with standard ESOP practices. No immediate impact on stock price expected.