ESOP20 Jul 2026, 07:21 pm
Aye Finance Grants 12.6 Lakh Options Under ESOP 2024
AI Summary
Aye Finance Ltd announced that its Nomination and Remuneration Committee has approved the grant of 12,63,280 stock options to eligible employees under the Aye Finance Employee Stock Option Plan 2024. The meeting was held on July 20, 2026. Each option is convertible into one equity share of face value INR 2. The exercise price will be 95% of the latest available closing price on the stock exchange. Options vest between 1 to 4 years from the grant date and can be exercised within 5 years from vesting. The ESOP 2024 is administered by the Nomination and Remuneration Committee and implemented through a direct route for employee benefits.
Key Highlights
- Aye Finance granted 12,63,280 stock options under ESOP 2024.
- Options are for eligible employees, exercisable at 95% of closing price.
- Vesting period is 1-4 years; exercise period is 5 years post-vesting.
- ESOP administered by Nomination and Remuneration Committee.
- Shares issued rank pari-passu with existing equity shares.
Price Impact
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