Saregama India Limited has informed the Exchange about Grant of Stock Options under Saregama Employee Stock Option Scheme 2013
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Saregama India has granted 75,000 stock options to an eligible employee under its existing ESOP Scheme 2013, with the effective grant date being 1st July 2025. Each option can be converted into one equity share of Re. 1 face value, at an exercise price of Rs. 498.45 per share, which is the fair market value as of the previous trading day's close. The options are subject to a minimum vesting period of one year, after which the employee can exercise them over a period of up to 10 years. As of now, no options have been vested, exercised, or lapsed, and the scheme is administered by the company's Nomination and Remuneration Committee.
This is a routine ESOP grant with a very small dilution impact (75,000 shares), so it is unlikely to materially affect shareholding or stock price. It signals continued use of stock-based incentives to retain talent.