Please find attached details with respect to stock options granted by Nomination and Remuneration Committee at its meeting held today.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shriram Asset Management Company informed BSE that its Nomination and Remuneration Committee approved the grant of 7,500 stock options to eligible employees under the Shriram Asset Management Company Limited Employees Stock Option Plan, 2022. Each option is convertible into one equity share of Rs. 10 face value at an exercise price of Rs. 108.95 per share. The options will vest over 3 years in a 30:30:40 ratio from the grant date, with a 10-year exercise window after vesting. The scheme is in compliance with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021.
This is a routine ESOP grant with a small dilution impact (7,500 shares out of existing capital). It signals management's intent to retain and incentivize employees, with negligible effect on share price or existing shareholders.