Announcement Under Regulation 30 (LODR) - Updates
S&SPOWER · price
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S&S Power Switchgear Ltd has disclosed details of employee stock options granted under its Employee Stock Option Scheme 2024. Two tranches of options were granted: Tranche 1 with 6,62,801 options and Tranche 2 with 2,26,000 options, totaling 8,88,801 options. Each option can be exercised into one equity share of Rs. 10 face value at an exercise price of INR 180 per option. The exercise period for vested options is a maximum of 4 years from the vesting date. The scheme complies with SEBI (SBEB) Regulations, 2021. No options have been vested, exercised, or lapsed yet as this is an initial grant disclosure.
This is a routine ESOP disclosure with no immediate impact on shareholding or stock price. However, potential dilution of up to 8,88,801 shares (approximately 5-6% of expected expanded capital) may occur upon full exercise, which shareholders should monitor.