Shyam Metalics And Energy Limited has informed the Exchange about Grant of Stock Options to Eligible Employees under SMEL Stock Incentive Plan - 2023 sub-plan SMEL Performance ESOP Scheme ("ESOP - 2023')
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Shyam Metalics and Energy has granted 1,04,500 stock options to 5 eligible employees under its SMEL Employee Stock Incentive Plan – 2023 (ESOP-2023), as approved by the Nomination and Remuneration Committee on August 29, 2025. Each option is convertible into one equity share of face value ₹10. The exercise price has been fixed at ₹679.43 per share, which is a 25% discount to the previous trading day's closing price on NSE. The options will vest over four years in tranches of 20%, 23%, 23%, and 34%, with a four-year exercise window after each vesting. Shares allotted upon exercise will not be subject to any lock-in period.
This is a routine employee incentive action and involves a very small number of shares (1,04,500), so the dilution impact is negligible. The 25% discount on exercise price is a meaningful perk for the grantees and is aimed at retaining key talent, which is mildly positive for long-term shareholders.