Sri Lotus Developers and Realty Limited has informed the Exchange regarding Grant of 1206500 Options.
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Sri Lotus Developers and Realty Limited has granted 12,06,500 (12.065 lakh) stock options to eligible employees under its 'ESOP 2024' scheme, approved by the Nomination and Remuneration Committee on April 1, 2026. Each option is convertible into one equity share of face value Re. 1, with an exercise price of Rs. 75 per option. The options will start vesting after one year from the grant date and can be exercised within five years from the date of vesting. The scheme is compliant with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. No options have been vested, exercised, or lapsed as this is the initial grant.
This ESOP grant represents a potential future dilution of up to 12.065 lakh equity shares (at an exercise price of Rs. 75 per share) once vested and exercised. Existing shareholders may see a minor dilution in their holdings, but since the exercise price is well-defined and vesting is spread over time, the immediate impact on the stock is limited.