Praxis Home Retail Limited has informed the Exchange about grant of Stock Options.
PRAXIS · price
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The Nomination and Remuneration Committee of Praxis Home Retail Limited approved the grant of 5,00,000 stock options to eligible employees on April 7, 2026. The options are granted at an exercise price of Rs. 5/- per option (face value of equity shares). The vesting schedule is spread over three years: 40% after one year, 30% after two years, and 30% after three years from the grant date. Employees can exercise these options within 3 years from the respective vesting dates. The shares allotted upon exercise will not carry any lock-in period. This disclosure complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
This ESOP grant aligns employee interests with shareholders and helps retain talent. As options are granted at face value (Rs. 5), it creates potential dilution of 5 lakh shares. The no-lock-in provision allows quick monetization after exercise, which could increase trading volume.