Walchandnagar Industries Limited has informed the Exchange regarding Grant of 112500 Options.
WALCHANNAG · price
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Walchandnagar Industries has informed the stock exchanges that its Nomination and Remuneration Committee approved the grant of 1,12,500 stock options to eligible employees under the company's ESOP 2020 scheme on August 14, 2025. Each option is convertible into one equity share of face value Rs. 2, with an exercise price of Rs. 2 per option (i.e., at par). The options will vest over five years, with a bulk of 1,02,000 options vesting at the end of the first year and smaller tranches of 2,500–3,000 vesting in each of the subsequent four years, subject to continued employment and performance criteria. On exercise, the company will issue fresh equity shares, which will lead to a dilution of existing shareholders' holdings.
This is a routine ESOP grant and not a new fundraise from the market. However, the eventual issue of 1,12,500 fresh shares will marginally dilute existing shareholders' stake. The exercise price being at par (Rs. 2) means employees benefit only if the share price rises well above this level, aligning their interests with long-term price appreciation.