Creative Newtech Approves 2 Lakh ESOPs for Employees
Creative Newtech Ltd's Board of Directors has approved the 'CREATIVE Employee Stock Option Scheme – 2026' (ESOP Scheme). The scheme allows for the grant of up to 2,00,000 Employee Stock Options (ESOPs) to eligible employees in India and abroad. This approval is subject to shareholder ratification at the upcoming Annual General Meeting (AGM). The Nomination and Remuneration Committee will administer the scheme, which will be implemented through the direct route. The exercise price will be determined by the committee at the time of grant, linked to the market price, with a potential discount but not below the face value of ₹10 per share. Mr. Tejas Doshi, Chief Compliance Officer, is authorized to manage the implementation process.
Key Highlights
- Board approved CREATIVE Employee Stock Option Scheme – 2026.
- Up to 2,00,000 ESOPs to be granted to eligible employees.
- Scheme requires shareholder approval at the upcoming AGM.
- Exercise price linked to market price, not below face value.
- Scheme administered by Nomination and Remuneration Committee.
Price Impact
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