Intimation of Grant of 2543 stock options to the eligible employees under ESOP 2024
PICCADIL · price
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Piccadily Agro Industries has granted 2,543 stock options to eligible employees under its Piccadily Agro Employee Stock Plan 2024. Each option, upon exercise, entitles the holder to one equity share of face value Rs. 10, at an exercise price of Rs. 10 per option (i.e., at par). The options will vest after a minimum of one year, subject to meeting service or performance milestones set by the Nomination and Remuneration Committee, and can be exercised within three years from the vesting date. The purpose of the plan is to reward past performance, motivate future performance, and help attract and retain talent. The grant was approved by the NRC at its meeting held on April 10, 2025.
This is a small-scale employee incentive grant (2,543 shares) with negligible dilution for existing shareholders. It is a routine HR/retention action and is unlikely to have any meaningful impact on the stock price.