We wish to inform you that NRC Meeting held today i.e. May 20, 2026 approved grant of 5000 number of Stock option to eligible employee of the Company.
WALCHANNAG · price
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Walchandnagar Industries' Nomination & Remuneration Committee approved the grant of 5,000 stock options to an eligible employee. Each option converts into one equity share of Rs. 2/- face value, with an exercise price of Rs. 2/- per option. Fresh equity shares will be issued upon exercise. Vesting is spread over 5 years, with 500 options vesting after year 1, 1,000 each after years 2-4, and 1,500 after year 5. Exercised options must be converted within 3 years of respective vesting dates. The plan operates under SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021.
Minor shareholder dilution expected as 5,000 new equity shares may be issued. The small scale limits immediate impact, but the ESOP aligns employee interests with shareholders through continued employment and performance conditions.