
ESOP1 Sept 2026, 02:44 pm
Fratelli Vineyards Approves ESOP Scheme 2026 with 8.69 Lakh Options
AI Summary
Fratelli Vineyards Limited's Board of Directors, in a meeting held on September 1, 2026, approved the 'Fratelli Employee Stock Option Scheme 2026' (ESOP Scheme 2026). The scheme includes an ESOP pool of up to 8,69,447 options, not exceeding 2% of the company's paid-up capital, for eligible employees across the group. The scheme is in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The Nomination and Remuneration Committee will administer the scheme. The approval is subject to shareholder consent at the upcoming Annual General Meeting. The exercise price will be determined by the committee, not exceeding the market price but not below the face value.
Key Highlights
- Board approved ESOP Scheme 2026 with up to 8,69,447 options.
- ESOP pool represents up to 2% of the company's paid-up capital.
- Scheme is in compliance with SEBI (SBEB & SE) Regulations, 2021.
- Administration by Nomination and Remuneration Committee.
- Subject to shareholder approval at the ensuing AGM.
Price Impact
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