Shriram Properties sets up ESOP trust for employee stock scheme
SHRIRAMPPS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.9 pts less than Nifty Microcap 250 and 2.0 pts less than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Shriram Properties submitted the trust deed for the SPL ESOP Trust set up to run its Employee Stock Option Scheme 2025. Braintrust Collectives LLP is the trustee. The scheme, approved at the September 2025 AGM, can issue up to about 85.18 lakh equity shares, equal to 5 percent of paid-up capital. Options vest over 1 to 4 years and can be exercised within 5 years. The trust is irrevocable and will only undertake delivery based transactions.
Sets up the formal vehicle to grant up to 5 percent of equity to employees, supporting retention. Could cause mild future dilution.