ESOP24 Sept 2026, 10:07 pm
Shyam Metalics Approves ESOP Option Exercise
AI Summary
Shyam Metalics and Energy Ltd's Nomination & Remuneration Committee approved the exercise of 1,725 stock options by one eligible employee under the SMEL Performance ESOP Scheme 2023. The exercise resulted in the allotment of 1,725 equity shares, with ₹5,62,453 realized from the transaction. This action is in accordance with SEBI Listing Regulations and the company's ESOP plan, which allows for options to be exercised within one year of vesting.
Key Highlights
- One employee exercised 1,725 ESOP options.
- ₹5.62 Lakhs realized from option exercise.
- 1,725 equity shares allotted to the employee.
- Exercise is part of the SMEL Employee Stock Incentive Plan 2023.
Price Impact
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