Grant of 3000 Employee Stock Options pursuant to Shaily ESOP Plan 2019
SHAILY · price
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Shaily Engineering Plastics Ltd has granted 3000 stock options to eligible employees under the Shaily Employee Stock Option Plan 2019 (ESOP 2019). Each option entitles employees to purchase one equity share of face value Rs. 2/-. The pricing formula is one-third of the market price on the vesting date. Options vest over three years in equal tranches (1/3 each year), and can be exercised within 4 years from vesting. The total pool under ESOP 2019 is capped at 131,570 options. The filing also notes a prior stock split in November 2023 where face value was reduced from Rs. 10/- to Rs. 2/- per share.
This is a routine ESOP grant with modest dilution of 3000 shares (0.01% of total shares). It aligns employee interests with shareholders and has negligible impact on stock price in the short term. No immediate financial impact on existing shareholders.