Outcome of the Board Meeting held on February 12, 2026.
Price
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The Board of Monika Alcobev approved a new Employee Stock Option Scheme called ESOS-2026, under which up to 10 lakh stock options (convertible into 10 lakh equity shares of Rs. 10 each) can be granted to eligible employees and directors across the company, its holding, subsidiaries, associate, and group companies. The scheme is subject to shareholder approval via a postal ballot. The Board also approved a Postal Ballot Notice covering the ESOS-2026 scheme and the regularisation of two Independent Directors — Mr. Samir Kumar Das and Mr. Ghanshyam Vijaykumar Vyas. Additionally, M/s. Agrawal Mundra & Associates was appointed as Secretarial Auditor for FY 2025-26. The exercise price will not be lower than face value and will not exceed the market price at the time of grant.
The ESOS-2026, once approved by shareholders, will allow the company to issue up to 10 lakh new shares to employees, causing dilution of existing shareholders. Existing investors will get a chance to vote on the scheme and the regularisation of two Independent Directors through the postal ballot.