SAShriram Asset Management Company531359ESOP grant news

Nomination and Remuneration Committee approves grant of ~4.28 lakh stock options under ESOP 2022

Shriram Asset Management Company's Nomination and Remuneration Committee has approved the grant of ~4.28 lakh stock options under the Employees Stock Option Plan, 2022.

By ScoutQuest · Fri 30 Oct 2026, 6:23 PM IST · 2 min read

Stock options granted

~4.28 lakh stock options under ESOP 2022

Shares covered

~4.28 lakh equity shares of Rs. 10/- each; each option converts into 1 equity share

Exercise window

within 10 years from the date of vesting

What the company informed the exchanges

• The Nomination and Remuneration Committee of the Board has approved the grant of ~4.28 lakh stock options under the Shriram Asset Management Company Limited Employees Stock Option Plan, 2022.
• The grant is to an eligible employee of the company.
• The scheme is stated to be in terms of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Key terms of the grant

• Total shares covered: ~4.28 lakh equity shares of Rs. 10/- each. Each stock option is convertible into 1 equity share.
• Exercise price: the Committee will decide it at its sole discretion. It will not be less than the face value of the shares, and may differ for different classes of employees in the same tranche of grant.
• Exercise window: within 10 years from the date of vesting.
• Options vested, options exercised, money realised on exercise, total shares arising on exercise, options lapsed, variation of terms, subsequent changes or cancellation, and diluted earnings per share on exercise are all shown as Not Applicable at this stage.

What an employee stock option means

An ESOP is a benefit given to employees: they get the right to buy a fixed number of shares at a set price at a future date, usually after a waiting period called vesting. The idea is to link employee rewards to how the company performs over time.

How it can affect the share count

When options are eventually exercised, new equity shares are issued to the option holders. Here, the ~4.28 lakh options can translate into up to ~4.28 lakh equity shares. That would increase the total number of shares in issue, which is why ESOPs are watched for their effect on existing shareholders' stake.

At this point, the update shows no options have vested, none have been exercised, and no money has been realised by the company from these options. Any share issuance and inflow would happen only in the future, when the options vest and are exercised. The exercise price itself has not been fixed in this intimation and is left to the Committee.

What to keep an eye on

• Later disclosures on vesting, exercise price and the number of shares actually issued on exercise.
• The overall size of the grant relative to the company's total share capital, which matters for how much the share count can grow.

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.

About ScoutQuest · Logos provided by Logo.dev