MPS Limited has informed the Exchange that the Nomination and Remuneration Committee of the Board of Directors of the Company in their meeting held today, 05 May 2025, has considered and approved the 3rd Grant of 58,900 options under MPS Limited-Employee Stock Options Scheme 2023.
MPSLTD · price
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MPS Limited's Nomination and Remuneration Committee approved the 3rd grant of 58,900 stock options to eligible employees under the company's Employee Stock Options Scheme 2023 (ESOS 2023) on 05 May 2025. The options are being granted at the market price of INR 2,251.60 per share, which is the closing price on NSE (the exchange with highest trading volume) on the trading day immediately before the grant date. These options will vest equally over 4 annual tranches, and once vested, employees can exercise them within a maximum period of 5 years. The scheme complies with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021. No options have been exercised, lapsed, or varied yet under this grant.
This is a routine employee compensation action with mild future dilution potential once the options are exercised. Since the grant price equals market price, there is no value transfer from existing shareholders to employees. Shareholders should view this neutrally as part of normal talent retention practices.