Paras Defence And Space Technologies Limited has informed the Exchange about the Grant of Stock Options (Phase-2) under Paras Defence And Space Technologies Limited- Employee Stock Option Plan 2024.
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The Nomination and Remuneration Committee of Paras Defence has approved Phase-2 grant of 1,56,400 stock options to eligible employees under the Paras Defence ESOP 2024 plan. Each option carries the right to one equity share of Rs. 5 face value, at an exercise price of Rs. 650 per share. The options have a minimum 3-year vesting period and vested options can be exercised within 5 years. This is part of the total ESOP pool of 15,90,000 options. The company notes that Phase-1 of 78,450 options was granted in January 2025, which was adjusted to 1,56,900 options (with exercise price revised from Rs. 1,000 to Rs. 500) following a stock split in July 2025 that halved the face value from Rs. 10 to Rs. 5.
Minor dilutionary impact — Phase-2 grant of 1,56,400 shares is a small slice of the total 15,90,000 ESOP pool. The higher exercise price of Rs. 650 (vs. Rs. 500 adjusted for Phase-1) may indicate a rising reference share price, though ESOP grants are generally a routine employee retention event with limited short-term price impact.