Thermax Limited has informed the Exchange about grant of ESOPs.
THERMAX · price
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Thermax Limited has announced the grant of 17,812 stock options to eligible employees under the Thermax Employees Stock Option Scheme 2021. Each option converts to one equity share with a face value of Rs. 2 at an exercise price of Rs. 15.25 per option. The options vest over three years in a graded manner (33%, 33%, and 34%) starting from the first anniversary of the grant date. Once vested, employees can exercise these options within five years. The company confirmed compliance with SEBI's Share Based Employee Benefits Regulations, 2021, and there is no lock-in period under the plan.
This is a routine governance disclosure related to employee compensation through equity. ESOPs can align employee and shareholder interests, but the impact on stock price is typically neutral unless the dilution is significant relative to total shares outstanding.