Standard Engineering Technology Limited has informed the Exchange about Grant of Stock Options to the eligible employees
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Standard Engineering Technology Limited has announced the grant of 6,00,000 Employee Stock Options (ESOPs) under ESOP Grant I to eligible employees of the company and its subsidiaries. The options were granted on May 14, 2026, and are part of the Employee Stock Option Scheme 2024, which is within the shareholders-approved limit of 18,16,345 options. The exercise price is set at a discount of up to 25% on the closing price of NSE as on May 13, 2026. Each option entitles the holder to acquire one equity share of Rs. 10 face value upon vesting and payment of the exercise price. Vested options can be exercised within 1 year from the vesting date, and the maximum exercise period is 5 years from vesting.
The ESOP grant will result in equity dilution of up to 6,00,000 shares when exercised. The 25% discount pricing represents a cost to existing shareholders as employees acquire shares below market price.