Members approval for amendment to Mega Corporation Limited Employee Stock Option Scheme-2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mega Corporation Ltd held an Extra Ordinary General Meeting on May 5, 2026, where shareholders approved three amendments to the Employee Stock Option Scheme-2025: (1) change in number of options and exercise period, (2) extension of scheme benefits to employees of group companies, subsidiaries, and associate companies, and (3) grant of options exceeding 1% of issued capital. The scheme provides for a pool of up to 1.25 crore stock options convertible into equity shares of ₹1 each, with vesting over 1-4 years and a maximum exercise period of 10 years. Exercise price will be linked to market price, decided by the Nomination & Remuneration Committee. No options have been granted, vested, or exercised as of date. Shares allotted carry no lock-in period.
Shareholder approval removes a key regulatory hurdle for ESOS implementation. Extension to group/subsidiary employees broadens the talent retention scope. Options exceeding 1% of capital require special disclosure and indicate significant potential dilution. No immediate impact on earnings as no options are yet granted.