ESOP29 Sept 2026, 06:40 pm
Mangalam Global Enterprise Grants 9 Lakh Employee Stock Options
AI Summary
Mangalam Global Enterprise Limited has announced the grant of 9,00,000 employee stock options under its ESOP Scheme 2026. The Nomination and Remuneration Committee approved the grant on September 29, 2026. These options are for eligible employees and are in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The exercise price will be determined by the committee at a discount not exceeding 50% of the average market price one day prior to the grant date. The total number of shares covered by these options is 9,00,000 equity shares of face value Rs. 1 each. The shares allotted upon exercise will be locked-in for one year.
Key Highlights
- 9,00,000 employee stock options granted under ESOP Scheme 2026.
- Grant approved by Nomination and Remuneration Committee on Sept 29, 2026.
- Options comply with SEBI (SBEB) Regulations, 2021.
- Exercise price at up to 50% discount to market price.
- Allotted shares subject to a one-year lock-in period.
Price Impact
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