Announced Tue, 28 Jul · 10:38 IST
ESOP 2023 grant of 1,89,000 stock options approved
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TRANSRAILL · price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Transrail Lighting's NRC approved grant of 1,89,000 stock options to employees under ESOP 2023 on July 28, 2026. Each option converts to 5 equity shares of face value ₹2, up to 9,45,000 shares total. Another 62,900 options are reserved for future hires. Exercise price equals fair market value. Vesting in three tranches of 40 percent, 30 percent and 30 percent after 36, 48 and 60 months. None vested yet.
Likely market impact
Up to 9,45,000 shares may be issued over time, leading to gradual dilution for existing shareholders.