ESOP7 Aug 2026, 06:40 pm
Praxis Home Retail Grants 22,05,000 Stock Options
AI Summary
Praxis Home Retail Ltd announced the grant of 22,05,000 stock options to eligible employees under the 'Praxis Employee Stock Option Plan 2024'. The options are granted at an exercise price of ₹5/- per option. The vesting schedule is set at 40% after one year, 30% after two years, and 30% after three years from the grant date. Options can be exercised within three years from their respective vesting dates. The Nomination and Remuneration Committee approved the grant on August 07, 2026.
Key Highlights
- 22,05,000 stock options granted under ESOP Scheme 2024.
- Exercise price set at ₹5/- per option.
- Vesting schedule: 40% (1 year), 30% (2 years), 30% (3 years).
- Options exercisable within 3 years post-vesting.
- Grant approved by Nomination and Remuneration Committee.
Price Impact
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