Cancellation of 5,00,000 Employee Stock Options Under ESOP 2020
The Nomination and Remuneration Committee approved cancellation of 5,00,000 stock options granted on November 12, 2024 under ESOP 2020, following voluntary surrender by the employee.
- Options Cancelled
- 5,00,000
- Exercise Price
- INR 200 per option
- Options Vested
- 1,00,000
- Grant Date
- November 12, 2024
- Cancellation Reason
- Voluntary surrender by employee
What was shared
Allied Digital Services disclosed under Regulation 30 that its Nomination and Remuneration Committee, through a resolution by circulation on September 28, 2026, approved the cancellation of 5,00,000 options granted on November 12, 2024 under the ADSL Employees Stock Option Plan 2020.
Key details
- Options cancelled: 5,00,000, each convertible into one fully paid-up equity share of face value INR 5 each
- Exercise price: INR 200/- per option
- Options vested: 1,00,000
- Exercise window: up to 2 years from the date of vesting, subject to scheme terms
- Options exercised, money realised and shares arising: not applicable
Why it happened
The update states the cancellation was pursuant to voluntary surrender by the respective employee, along with cancellation of the grant made by the Committee.
What happens next
The cancelled options are brought back to the Employee Stock Option pool and become available for future grants in line with the ESOP 2020 provisions and applicable laws.
How to read it
Stock options convert into equity shares only when exercised. Since these options are cancelled before exercise, no new shares arise from them, so the potential dilution from this grant does not occur. The pool remains available for the company to grant options to employees later.
More numbers
- Options cancelled5,00,000 (Five Lakh) Options
- Exercise price per optionINR 200/- per option
- Options vested1,00,000
- Face value per equity shareface value of INR 5 each
- Exercise period from vestingUpto 2 years
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.