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Awaiting price reaction for this filing.
Transcorp International Ltd has granted 1,75,000 stock options to its eligible employees and those of its subsidiary companies under its 2017 ESOP scheme, approved by the Nomination & Remuneration Committee on 3rd April 2025. Each option is convertible into one equity share of Rs. 2 face value, with exercise prices set at Rs. 9 and Rs. 15 per option, compared to the share's closing price of Rs. 23.70 on 2nd April 2025. The options will vest in three tranches — 30% in April 2026, 30% in April 2027, and 40% in April 2028 — subject to performance conditions. Vested options can be exercised within 3 years. The total options sanctioned under the 2017 scheme are 12,71,309.
This is a routine employee compensation action and a mild dilution signal — 1,75,000 shares represent a small portion of total sanctioned ESOP pool. Short-term impact on share price is likely negligible.