Orient Electric Limited has informed the Exchange regarding 'Grant of Options under Orient Electric Employee Stock Option Scheme- 2019'.
ORIENTELEC · price
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Orient Electric has granted 8,57,200 stock options to eligible employees under its ESOP Scheme 2019, as approved by the Nomination and Remuneration Committee. Each option is convertible into one equity share of face value Re. 1 at an exercise price of Rs. 213.52 per option. The options will vest in two tranches: 40% after 1 year and 60% after 2 years from the grant date of November 4, 2025. Employees have a 4-year window from each vesting date to exercise their options. The scheme is compliant with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021.
This is a routine ESOP grant and will lead to mild dilution for existing shareholders only if and when employees exercise these options. It reflects the company's continued use of stock-based incentives to retain and motivate employees, with no immediate effect on share price.