Samvardhana Motherson International Limited has submitted with the Stock Exchange regarding approval by the Nomination and Remuneration Committee of the Board of Directors of the Company, to grant Employee Stock Options to the eligible employees under Samvardhana Motherson International Limited Employee Stock Option Scheme 2025.
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The Nomination and Remuneration Committee has approved granting 23,211,370 employee stock options to eligible employees under the Samvardhana Motherson International Limited Employee Stock Option Scheme 2025. Each option entitles the holder to purchase one fully paid-up equity share of face value Rs. 1 at an exercise price of Rs. 121.21 per option. The options will vest between 1 to 5 years from the grant date, and once vested, can be exercised within 3 years. The scheme complies with SEBI's Share Based Employee Benefits Regulations, 2021.
The ESOP grant is a retention tool for employees and could result in dilution of up to 23.2 million shares if all options are exercised. No immediate impact on stock price, but shareholders should note the potential future dilution.