Safari Industries (India) Limited has informed the Exchange about General Updates
SAFARI · price
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The Nomination, Remuneration and Compensation Committee of Safari Industries met on 6th May 2025 and approved a grant of 5,000 Employee Stock Appreciation Rights (ESARs) to eligible employees under the Safari ESAR Scheme 2022. The base price for each ESAR has been set at Rs. 1,640. No ESARs are vested yet, and none have been exercised so far. The overall scheme permits up to 6,00,000 equity shares of Rs. 2 face value each, meaning this 5,000-unit grant represents less than 1% of the total approved pool. Vesting will happen in tranches over three years — 40% after year one, 30% after year two, and 30% after year three — with each vested tranche exercisable within one year.
This is a routine, small-sized employee stock incentive grant with minimal dilution risk, since 5,000 ESARs is a tiny fraction of the 6,00,000 share pool. It signals continued use of ESARs as a tool to retain and motivate employees, with no immediate effect on share price or shareholder value.