Thermax Limited has informed the Exchange about Options to purchase securities
THERMAX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Thermax Limited's Nomination and Remuneration Committee has approved the grant of 17,812 stock options to eligible employees under the ESOP 2021 scheme. Each option grants the right to purchase one equity share at an exercise price of Rs. 15.25 per share. The options vest over three years in tranches of 33%, 33%, and 34% respectively, and can be exercised within five years of vesting. The scheme complies with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021. No options have been exercised or lapsed yet as this is a fresh grant.
This is a routine disclosure with minimal direct impact on stock price. The ESOP grant aligns employee interests with shareholders but involves minor equity dilution over time as options vest and are exercised.