Black Buck Ltd Grants 50,308 Stock Options

Black Buck Ltd announced that its Nomination and Remuneration Committee has approved the grant of stock options equivalent to 50,308 equity shares under the BlackBuck Limited Employee Stock Option Scheme 2016. These options are convertible into fully paid-up equity shares with a face value of ₹1 each. The exercise price is ₹1 per equity share, with a vesting schedule of 25% over 4 years. The scheme also outlines provisions for various employee scenarios like death, resignation, and termination. Shares allotted upon exercise will not be subject to a lock-in period.