Grant of options under Max Healthcare Institute Limited - Employee Stock Option Scheme 2022
MAXHEALTH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Max Healthcare Institute has announced the grant of 2,15,000 stock options to eligible employees under its ESOP scheme 2022. The options are split into two tranches: 90,000 options at ₹350 per option and 1,25,000 options at ₹800 per option. Each option converts into one fully paid-up equity share with face value of ₹10. The vesting period ranges from 1 to 5 years from the grant date, subject to fulfillment of pre-vesting conditions. Once vested, employees can exercise these options within 3 years. The grant is compliant with SEBI's Share Based Employee Benefits Regulations, 2021.
This is a routine employee incentive disclosure with minimal direct impact on stock price. The potential dilution of 2,15,000 shares (0.02% of total shares) is relatively small. The different exercise prices (₹350 vs ₹800) suggest tiered incentives for employees at different levels.