StockWatch
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Non Banking Financial Company (NBFC)
ESOP12 Aug 2026, 02:53 pm

Mega Corp Grants 1 Crore ESOPs Under 2025 Scheme

AI Summary

Mega Corporation Limited announced the grant of 1,00,00,000 Employee Stock Options (ESOPs) under its Employee Stock Option Scheme-2025. The Nomination and Remuneration Committee approved the grant on August 12, 2026. These options are convertible into an equal number of equity shares of face value Rs. 1 each. The exercise price is set at Rs. 1 per option, linked to the market price. Options vest between 1 to 4 years from the grant date and are exercisable within 10 years of vesting. This move aims to incentivize eligible employees and align their interests with the company's growth.

Key Highlights

  • Mega Corp grants 1 crore ESOPs under the 2025 scheme.
  • Grant approved by Nomination and Remuneration Committee.
  • Exercise price set at Rs. 1 per option.
  • Options vest over 1-4 years, exercisable within 10 years.
  • Aims to incentivize and retain eligible employees.