MIRC Electronics Limited has informed the Exchange about regarding Grant of Options.
MIRCELECTR · price
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MIRC Electronics' Compensation Committee approved the grant of 16,00,000 stock options to eligible employees on 20th May 2026. Each option converts into one equity share of Re. 1/- face value. The exercise price is set at a 30% discount to the closing share price of April 16, 2026, with a floor price of Rs. 16.81 per share. Options will vest based on achievement of performance milestones, subject to a minimum vesting period of one year. Once vested, employees can exercise the options within two years from the vesting date.
The ESOP grant is aimed at retaining and incentivising employees. The significant dilution of 16 lakh shares could have a minor per-share earnings impact, though the performance-linked vesting means actual dilution will depend on future performance milestones being met.