ESOP30 Oct 2026, 06:12 pm
Syrma SGS Grants 4.42 Lakh Stock Options
AI Summary
Syrma SGS Technology Ltd announced that its Nomination and Remuneration Committee has approved the grant of 4,42,486 stock options under its ESOP Plan 2023. These options are granted through the Syrma SGS Employee Welfare Trust and are exercisable into equity shares of Rs. 10 face value each. The options are priced at the market price as defined by SEBI regulations. Vesting schedules vary for different tranches of options, with some vesting over five years and others over three years, subject to terms and performance criteria. The total number of equity shares that could arise from the exercise of these options is 4,42,486.
Key Highlights
- Syrma SGS grants 4,42,486 stock options under ESOP Plan 2023.
- Options are exercisable into equity shares of Rs. 10 face value.
- Grant priced at market price as per SEBI regulations.
- Vesting schedules range from 3 to 5 years.
- Potential issuance of 4,42,486 equity shares upon exercise.
Price Impact
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