Parag Milk Foods Limited has informed the Exchange regarding transfer of equity shares of the Company by ESOP Trust to Stock Option Grantee
PARAGMILK · price
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Parag Milk Foods has informed the stock exchange that equity shares held by the company's ESOP Trust have been transferred to a Stock Option Grantee. This means an employee has exercised their stock options and received shares directly from the trust rather than via a fresh allotment. The announcement does not specify the number of shares transferred or the exercise price. This is a routine disclosure made under SEBI's ESOP regulations whenever such transfers take place.
This is a procedural regulatory disclosure and is unlikely to materially affect the stock price or shareholder value. It simply confirms that the company's employee stock option plan is being executed as intended.