
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.
Price Impact
More from MEGACOR