Valiant Organics Limited has informed the Exchange about Grant Of Stock Options Under Valiant Employee Stock Option Plan 2022
VALIANTORG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Valiant Organics Limited has received approval from its Nomination and Remuneration Committee to grant 19,500 employee stock options to eligible employees under the ESOP Scheme 2022. The exercise price is fixed at Rs. 10 per option, which is also the face value of each equity share. Out of the total options, 15,000 will vest after completing a minimum 1-year vesting period, while the remaining options are contingent on achieving specified performance criteria as determined by the NRC. Once vested, option holders can exercise their rights within 3 years. No options have been exercised as of now. The grant complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
The ESOP grant aligns employee interests with shareholders but has minimal immediate impact on stock price or shareholder value. It may result in modest dilution (19,500 shares) when options are eventually exercised.