Board Meeting17 Jun 2026, 02:42 pm
GRP Ltd Board Approves AGM Notice & ESOP Grant
AI Summary
GRP Ltd's Board of Directors convened on June 17, 2026, approving the notice for the 52nd Annual General Meeting scheduled for July 23, 2026. Additionally, the board sanctioned the grant of 79,400 stock options under the "GRP Limited Employee Stock Option Plan 2024." These options, upon exercise, will result in the issuance of 79,400 equity shares of face value Rs. 10 each. The exercise price will be determined based on the volume-weighted average prices over the 15 trading days preceding the grant. Vesting is expected within a maximum of four years, contingent on achieving earmarked targets.
Key Highlights
- Board approved notice for 52nd Annual General Meeting on July 23, 2026.
- Granted 79,400 stock options under ESOP Plan 2024.
- Each option converts to one equity share of Rs. 10 face value.
- Exercise price based on 15-day VWAP preceding grant.
- Vesting period up to 4 years, subject to performance targets.
Price Impact
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