Grant of 1,54,29,253 stock options under the Employee Stock Option Scheme, 2015
URBANCO · price
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Urban Company Ltd has announced the grant of 1,54,29,253 stock options (approximately 15.4 million options) to eligible employees under the ESOP Scheme 2015. Each stock option converts into one fully paid-up equity share with a face value of ₹1 each. The exercise price is set at ₹1 per option, which is significantly below market price. The options can be exercised within 10 years from the vesting date. The scheme complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The shares allotted upon exercise would not be subject to any lock-in period.
The grant represents significant potential dilution of approximately 15.4 million equity shares. The extremely low exercise price of ₹1 indicates the options are deep in-the-money, which is positive for employee retention but will cause earnings per share dilution when exercised.