ESOP17 Oct 2026, 01:30 pm
Enviro Infra Engineers Grants 3.17 Lakh Stock Options
AI Summary
Enviro Infra Engineers Limited (EIEL) announced the grant of 3,17,489 Employee Stock Options (ESOPs) under its EIEL Employee Stock Option Plan, 2025. The grant was approved by the Nomination and Remuneration Committee. The options are convertible into equity shares and vest progressively over five years, with exercise prices ranging from ₹150 to ₹170 per share depending on employee tenure. The exercise period for vested options is three years from the vesting date. This move aims to incentivize and retain eligible employees.
Key Highlights
- 3,17,489 ESOPs granted to eligible employees.
- Options vest progressively over 5 years.
- Exercise price varies from ₹150 to ₹170 per share.
- Vested options exercisable within 3 years of vesting.
- Scheme aligns with SEBI (Share Based Employee Benefits) Regulations, 2021.
Price Impact
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