StockWatch
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Construction Vehicles
ESOP21 May 2026, 04:03 pm

Action Construction Equipment Grants 56,790 Stock Options

AI Summary

Action Construction Equipment Ltd has granted 56,790 Employee Stock Options (ESOPs) to eligible employees under the Action Construction Equipment Limited Employees Stock Option Scheme – 2021. The options are convertible into an equal number of equity shares with a face value of ₹2 each. The exercise price is ₹870 per option, and the options will vest within 3 years from the grant date of June 1, 2026, subject to a minimum vesting period of 1 year. Vested options can be exercised within 2 years from the date of vesting.

Key Highlights

  • Action Construction Equipment grants 56,790 ESOPs to eligible employees.
  • Each option is convertible into one equity share of face value ₹2.
  • The exercise price for the options is set at ₹870 per option.
  • Options vest within 3 years from the grant date, with a minimum 1-year vesting period.
  • Vested options are exercisable within 2 years from the respective vesting dates.