Approval of Members to the Amendment of Mega Corporation Limited - ESOS - 2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mega Corporation Limited's shareholders have approved amendments to the company's Employee Stock Option Scheme (ESOS) - 2025 at an Extra Ordinary General Meeting held on May 5, 2026. The key changes include modifications to the number of options and exercise period, extension of ESOS benefits to employees of group companies, subsidiaries, and associate companies, and approval for granting options exceeding 1% of issued capital. The scheme provides a pool of up to 1.25 crore stock options, each convertible into one equity share of ₹1. Vesting begins after one year and extends up to four years, with a maximum exercise period of 10 years. No options have been granted, vested, or exercised as of the filing date.
This is a routine corporate action expanding employee stock ownership across the group. It may positively signal management confidence in future performance but has no immediate direct impact on share price or shareholder value until options are actually granted and exercised.