Outcome of the Nomination and Remuneration Committee (NRC) meeting of the Company granting options under the Milkfood Limited Employee Stock Option Scheme 2024
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Milkfood Ltd's Nomination and Remuneration Committee met on June 20, 2025 and re-issued 12,18,000 stock options to 18 eligible employees under the Milkfood Employee Stock Option Scheme 2024. These options were previously surrendered by an employee and are now being re-granted. The exercise price is set at a very low Rs 5 per option. Vesting will commence from the grant date with a minimum 1-year vesting period, and employees have up to 3 years from each vesting date to exercise the options. There is no lock-in period on shares issued upon exercise.
This is a routine ESOP re-allocation with a low exercise price of Rs 5, which may result in minor dilution of existing shareholders when options are eventually exercised. No immediate material impact on share price is expected, though it signals continued use of stock-based incentives to retain employees.