Vaibhav Global Limited has informed the Exchange regarding Grant of 1256250 Options.
VAIBHAVGBL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vaibhav Global Limited's Nomination, Remuneration and Compensation Committee has approved granting 1,256,250 stock-based instruments to eligible employees of the Company and its subsidiaries. This includes 348,748 Restricted Stock Units (RSUs) under the VGL RSU Plan – 2019 and 907,502 Stock Options (ESOPs) under the VGL ESOP Plan – 2021. All instruments convert into equity shares of face value Rs. 2 each at an exercise price of Rs. 2 per share. Vesting occurs over 3 years: 20% after year 1, 30% after year 2, and 50% after year 3. Employees can exercise within 3 months of vesting. The grants comply with SEBI Share Based Employee Benefits Regulations, 2014/2021.
This represents potential dilution of approximately 1.26 million shares, aligning employee interests with shareholders. The grant is typically positive for employee retention and motivation but may have a minor dilutive effect on earnings per share in the future.