V-Guard Industries Limited has informed the Exchange regarding Grant of 72655 Options.
VGUARD · price
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V-Guard Industries has granted 72,655 stock options to eligible employees under its Employee Stock Option Scheme (ESOS 2013). Each option allows employees to purchase one equity share at face value of ₹1. The options vest over a period of up to four years, with time-based options vesting equally and performance-based options vesting in the final year subject to performance criteria. Exercised options can be held for up to 6 years from vesting. The company stated the scheme complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Cancelled or lapsed options may be re-issued at the committee's discretion.
The stock option grant aligns employee interests with shareholders and can help retain talent. However, potential dilution from future exercise of these options is a minor consideration for existing shareholders.