Committee meeting on October 31, 2026 to consider grant of stock options under ESOP 2025
Mangal Electrical Industries has called a Nomination and Remuneration Committee meeting on October 31, 2026.
By ScoutQuest · · 1 min read
- Committee Meeting Date
- October 31, 2026
- Agenda
- consider and approve the grant of employee stock options to eligible employees
- Plan
- Mangal Electrical Industries Limited – Employee Stock Option Plan 2025
What the company told the exchanges
Mangal Electrical Industries has given prior intimation that a meeting of its Nomination and Remuneration Committee is scheduled to be held on October 31, 2026.
What the meeting will consider
- The agenda is to consider and approve the grant of employee stock options to eligible employees.
- The grant would be made under the "Mangal Electrical Industries Limited – Employee Stock Option Plan 2025".
Why this matters
An employee stock option gives an employee the right to buy company shares at a set price later, usually as a reward and retention tool. When a company grants such options, it sets aside a pool of shares for employees.
What this update does and does not say
- It is a prior intimation of a meeting, so the decision itself is still to be taken at that meeting.
- The number of options, the eligible employees, the exercise price and other terms are to be considered and approved at the meeting.
What to watch
The outcome of the October 31, 2026 meeting, which would carry the actual details of the grant.
Also from Mangal Electrical Industries
Board meeting on October 31, 2026 to consider and approve September quarter results
24 Oct 2026
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