ESOP4 Jul 2026, 03:00 pm
Sangam India Grants 5,08,500 Employee Stock Options
AI Summary
Sangam India Ltd announced the grant of 5,08,500 stock options to eligible employees under its Employee Stock Option Scheme, 2022. The grant was approved by the Nomination and Remuneration Committee via a resolution passed by circulation on July 4, 2026. Each option entitles the holder to one equity share of Rs. 10/-. The scheme aligns with SEBI regulations, with vesting periods ranging from one to seven years and exercise periods within two years from vesting. This move is aimed at incentivizing and retaining key talent within the organization.
Key Highlights
- Sangam India granted 5,08,500 stock options to employees.
- Options are under the Sangam (India) Limited Employee Stock Option Scheme, 2022.
- Each option converts to one equity share of Rs. 10/-.
- Vesting period is 1-7 years; exercise period is 2 years post-vesting.
- Grant approved by the Nomination and Remuneration Committee.
Price Impact
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