Pearl Global Industries Limited has informed the Exchange regarding 'Grant of ESOP under Pearl Global Industries Employee Stock Option Scheme 2022'.
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Pearl Global Industries Limited has granted 4,500 stock options to eligible employees under its Employee Stock Option Plan 2022. The exercise price has been fixed at Rs. 300 per option, based on the market price and not less than the face value of Rs. 5 per share. The options will vest over a period of 1 to 4 years from the grant date, and vested options can be exercised within 4 years thereafter. If all options are exercised, only 4,500 equity shares will be issued, representing minimal dilution to existing shareholders.
This is a routine employee incentive grant with negligible dilution (4,500 shares). It may mildly support employee retention but is unlikely to have a material effect on the stock price.