Mirza International Limited has informed the Exchange about General Updates
MIRZAINT · price
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Mirza International has set up a new Employee Stock Option Scheme called 'MIL ESOS 2025' on August 2, 2025, after getting shareholder approval at the AGM on July 26, 2025. The scheme allows the company to grant up to 25 lakh stock options to eligible employees and directors, with each option convertible into one equity share of Rs. 2 face value. The exercise price has been fixed at Rs. 10 per share, which is significantly above the face value but well below typical market prices for listed footwear companies. Options will vest after a minimum one-year period and must be exercised within one year of vesting. The scheme is designed to attract, motivate and retain talent, and complies with SEBI's Share Based Employee Benefits Regulations, 2021.
The ESOS could lead to dilution of up to 25 lakh new equity shares over time when employees exercise their options. While this is a standard employee retention tool that aligns staff interests with shareholders, retail investors should watch the exercise price and grant timelines, as the Rs. 10 strike price suggests options may carry meaningful value if the stock trades higher.