ESOP30 March 2026 at 06:54 am
Kaveri Seed Company Grants 1,42,352 Stock Options Under Employee Stock Option Plan 2024
AI Summary
The Nomination and Remuneration Committee of Kaveri Seed Company Ltd approved the grant of 1,42,352 stock options to eligible employees. The options, exercisable into equivalent number of equity shares of Rs.2/- each, will be acquired by the Kaveri Employees Trust through the secondary market route. The vesting schedule starts after one year of grant and will vest in the next 4 years in the ratio of 20:20:25:35. The exercise price of the options is Rs.790.
Key Highlights
- 1,42,352 stock options granted to eligible employees
- Options exercisable into equivalent number of equity shares of Rs.2/- each
- Kaveri Employees Trust to acquire options through secondary market route
- Vesting schedule starts after one year of grant and will vest in the next 4 years
- Exercise price of the options is Rs.790