Everest Industries Grants 95,000 Stock Options

Everest Industries Ltd announced that its Nomination and Remuneration Committee has granted 95,000 stock options under its Employees Stock Option Scheme - 2021 (ESOS -2021) to identified employees. The exercise price for these options is Rs. 460/- per option. The company has received in-principle approval for 10,00,000 shares under ESOS –2021 from NSE and BSE. The options vest over three years, with 20% after one year, 30% after two years, and 50% after three years. The exercise period is four years from the expiry of the vesting period. The equity shares allotted upon exercise will not be subject to a lock-in.