Grant of ESOPs under Shalby Limited Employees Stcok Options Scheme - 2021
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Shalby Limited's Nomination and Remuneration Committee has approved the grant of 4,000 stock options (ESOPs) to an eligible employee under the company's Employees Stock Options Scheme – 2021. Each option is convertible into one equity share of face value ₹10 at an exercise price of ₹100 per option. The options will vest after 2 years from the grant date (May 27, 2026), and once vested, must be exercised within 1 year. The shares will be sourced from secondary market acquisition, so there will be no increase in the company's share capital. The scheme complies with SEBI (SBEB & SE) Regulations, 2021.
This is a routine corporate action with minimal direct impact on shareholders. The ESOP is intended to align employee interests with shareholders and is funded through secondary market purchases, avoiding dilution.