PG Electroplast Limited has informed the Exchange regarding Grant of 800000 Options.
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PG Electroplast Limited's Nomination and Remuneration Committee granted 8,00,000 (800,000) Employee Stock Options to eligible employees of the company and its subsidiary. Each option is convertible into one equity share of face value Rs. 1. The exercise price has been fixed at Rs. 400 per option. Options will vest over a period of 1 to 4 years from the grant date of May 30, 2026. Vested options must be exercised within 1 year from the date of respective vesting. The scheme complies with SEBI (Share Based Employee Benefit and Sweat Equity) Regulations, 2021.
The grant creates potential dilution of 800,000 shares. Exercise price of Rs. 400 is at a significant premium to the Rs. 1 face value. This aligns employee interests with shareholders and will result in stock-based compensation expense being recognized over the vesting period.