Sansera Engineering Limited has informed the Exchange regarding Grant of 25000 Options.
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Sansera Engineering has informed the exchanges that its Nomination and Remuneration Committee approved a grant of 25,000 stock options to eligible employees at Rs. 1,699.20 per option under the ESOP 2018 plan. Separately, 1,07,780 equity shares of Rs. 2 each were allotted on exercise of previously vested options at varying exercise prices ranging from Rs. 744 to Rs. 1,380.05 per share. The new shares will rank equally with existing equity, including for dividend. After this allotment, the total issued share capital stands at Rs. 12.46 crore (6,23,32,048 shares). The newly granted options will vest over four years in equal yearly installments, with a three-year exercise window after each vesting.
This is a routine ESOP-related filing. The fresh allotment of 1.07 lakh shares represents a small dilution of about 0.17% to existing shareholders. The new grant at Rs. 1,699.20 will only dilute shareholders if and when these options vest and are exercised over the coming years. No immediate material impact on share price is expected from this announcement.