Pursuant to Regulation 30 of SEBI(LODR) Regulations, 2015, we wish to inform you that the Nomination and Remuneration Committee of the Company at its meeting held on April 28, 2025 has approved grant of 1,99,200 Stock Options
SECMARK · price
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The Nomination and Remuneration Committee of SecMark Consultancy Limited, at its meeting held on April 28, 2025, approved the grant of 1,99,200 stock options to eligible employees under the company's ESOP scheme. Each stock option is convertible into one equity share of face value Rs. 10, at an exercise price of Rs. 60 per option. The options will vest in three tranches — 1/6th at the end of the first year, 1/3rd at the end of the second year, and 1/2 at the end of the third year from the date of grant. Once vested, employees have three years to exercise the options. The grant is compliant with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021.
This is a routine ESOP grant aimed at employee retention and incentivisation. It results in a minor potential dilution of equity (up to 1,99,200 shares) and is unlikely to have a material impact on the stock price in the short term.