Shaily Engineering Plastics Limited has informed regarding Grant of 3000 Employee Stock Options
SHAILY · price
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Shaily Engineering Plastics has granted 3,000 stock options to eligible employees as approved by the Nomination and Remuneration Committee on 19 May 2026. Each option converts into 1 equity share of Rs. 2/- face value, with vesting spread over 3 years (1/3 each year) and an exercise window of 4 years from vesting. The pricing formula is 1/3rd of the market price at the time of vesting. The ESOP scheme is fully compliant with SEBI (SBEB) Regulations, 2021. Given the stock split from Rs. 10 to Rs. 2 per share (effective November 2023), the option quantities were adjusted proportionally. Total authorised options under ESOP 2019: 1,31,570. Options have not yet been exercised.
The direct dilutive impact on earnings per share is minimal given only 3,000 options are involved, but the grant signals management's intent to align employee interests with shareholder value over the medium term.