This is to inform you that the Board of Directors, based on the recommendations of the Nomination Remuneration Committee("NRC"), at their meeting held on Friday, July 25, 2025, have approved ....
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The Board of Directors of Nisus Finance Services has approved the 'Nisus Employees Stock Option Plan 2025' (ESOP Scheme) for eligible directors and employees of the company and its group companies. The scheme proposes to grant up to 7,16,343 stock options, convertible into an equal number of equity shares of face value Rs. 10 each, which is approximately 3% of the existing paid-up equity share capital. The scheme is subject to shareholder approval at the AGM scheduled for August 25, 2025. Options will vest over a maximum period of 5 years from the grant date, with at least a one-year gap between grant and vesting, and will be based on time and/or performance metrics like market cap, revenue, EBITDA, and return on capital employed. The exercise window runs up to 5 years from the vesting date, and shares may be acquired through fresh issuance or secondary purchase via an ESOP trust.
The ESOP scheme, if approved by shareholders, will dilute existing equity by up to about 3%, but aligns employee incentives with long-term company performance. This is a routine employee compensation plan and is unlikely to cause major share price movement on its own, though shareholders should watch the dilution at the AGM.