Paradeep Phosphates Limited has informed the Exchange about grant of3,14,874 Stock Options to the eligible Employees of the Company under ESOP-2021.
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Paradeep Phosphates Limited has informed the exchanges that its Nomination and Remuneration Committee approved the grant of 3,14,874 stock options to 59 eligible employees under the ESOP-2021 plan. Each option is convertible into one equity share of face value Rs 10. The exercise prices vary across tranches, ranging from Rs 77 to Rs 117 per option. The options will vest in three stages: 30% after one year, 35% after two years, and 35% after three years from the date of grant, with a three-year exercise window post each vesting.
This is a routine employee incentive grant with minor potential dilution if all options are eventually exercised. The impact on existing shareholders is limited given the small size of the grant relative to the company's overall share base, though it signals ongoing use of stock-based compensation to retain talent.