Veranda Learning Solutions Limited has informed the Exchange about Options to purchase securities
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The Nomination Remuneration Committee of Veranda Learning Solutions Limited has approved the grant of 12,000 Employee Stock Options to eligible employees, including those in its subsidiaries. The options form part of the company's existing Employees Stock Option Plan 2022, which complies with SEBI (SBEB) Regulations, 2021. Upon vesting, each option can be exercised to acquire one equity share of Rs. 10 face value at Rs. 68.50 per share. The vesting period ranges from 1 to 4 years from the grant date, with a maximum exercise period of 6 years from the date of vesting. The grant targets employees forming part of the Strategic Team.
This is a routine internal ESOP grant with a relatively small number of options (12,000), unlikely to have any material impact on the company's financials or shareholding structure at this stage.