Godrej Agrovet Grants 3,347 Stock Options

Godrej Agrovet Limited has announced the grant of 3,347 stock options under its Employees Stock Grant Scheme 2018 (ESGS 2018) to eligible employees. The exercise price for these options is ₹10 per option, with each option convertible into one equity share of face value ₹10. The options will vest over three years and are exercisable within one month of vesting. Additionally, the company noted the lapse of 10,958 stock options due to employee cessation. This move is part of the company's long-term employee incentive strategy.