Walchandnagar Industries Limited has informed the Exchange regarding of 5000 Options. grant
WALCHANNAG · price
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Walchandnagar Industries Limited announced that its Nomination & Remuneration Committee has approved the grant of 5,000 stock options to an eligible employee under the WIL Employees Stock Option Plan 2020. Each option entitles the holder to purchase one equity share of face value Rs. 2/- at an exercise price of Rs. 2/- per option. The vesting schedule spans five years, with 500 options vesting after year 1, 1,000 each after years 2, 3, and 4, and 1,500 after year 5. Vested options can be exercised within 3 years from respective vesting dates. Fresh equity shares will be issued upon exercise.
The dilution is minimal with only 5,000 new shares being issued, representing negligible impact on existing shareholders. ESOPs help align employee interests with company performance and can aid in talent retention.