ESOP12 May 2026, 06:51 pm
Laxmi India Finance Grants 411,857 Stock Options Under ESOP 2023
AI Summary
Laxmi India Finance Ltd announced the grant of 411,857 stock options to eligible employees under its Employee Stock Option Scheme-2023. The decision was approved by the Nomination and Remuneration Committee (NRC) during its meeting on May 12, 2026. The scheme adheres to SEBI regulations, and each option is convertible into one equity share with a face value of ₹5. The exercise period for these options will not exceed five years from the vesting date.
Key Highlights
- Laxmi India Finance grants 411,857 stock options to eligible employees.
- The grant is under the Laxmi India Finance Limited Employee Stock Option Scheme -2023.
- The exercise period for the options is up to 5 years from the vesting date.
- Each stock option converts into one equity share with a face value of ₹5.
- The scheme complies with SEBI (Share Based Employee Benefits) Regulations, 2021.
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