PAKKA LIMITED has informed the Exchange about Grant of Stock Options to purchase securities under Pakka Team Stock Option Plan - 2021
PAKKA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Pakka Limited has granted 1,24,500 stock options to 89 eligible employees under its Pakka Team Stock Option Plan – 2021. The options carry an exercise price of Rs. 152.31 per share and each option converts into one equity share of Rs. 10 face value. The options will vest after one year from the grant date (31st December 2025) and can be exercised up to 31st December 2031. This is the fourth round of grants under the plan, which was originally approved by shareholders in May 2022 and had its validity extended at the September 2025 AGM.
This is a routine employee stock option grant and will result in only minor equity dilution (up to 1.245 lakh shares) when exercised, with no material impact on existing shareholders. The exercise price of Rs. 152.31 is well above the Rs. 10 face value, providing some capital to the company on exercise.