ESOP28 May 2026, 09:29 pm
GNG Electronics grants 6.96 lakh ESOPs under 2024 scheme
AI Summary
GNG Electronics Limited's Nomination and Remuneration Committee approved the grant of up to 6,96,500 stock options under the Electronics Bazaar Employees Stock Option Scheme - 2024 to eligible employees on May 28, 2026. The options have an exercise price of ₹2/- per option, which is at face value and a discount to the fair value as of May 27, 2026. The options will vest over three years, with 33.33% vesting after 12 and 24 months, and 33.34% after 36 months from the grant date. Vested options can be exercised within two years from their respective vesting dates.
Key Highlights
- GNG Electronics granted 6,96,500 stock options to eligible employees.
- The options are under the Electronics Bazaar ESOP Scheme - 2024.
- The exercise price is ₹2 per option, at a discount to fair value.
- Options will vest over a three-year period from the grant date.
- Vested options can be exercised within two years of vesting.
Price Impact
More from EBGNG