NRC approves grant of 3,480 stock options to employees under ESOP 2024
Nomination and Remuneration Committee on 27 Oct 2026 approved grant of 3,480 stock options to eligible employees under SKY GOLD – ESOP 2024.
By ScoutQuest · · 2 min read
- Stock options granted
- 3,480 stock options
- Exercise price
- Rs. 10/- per option
- Vesting period
- Minimum vesting period: 1 year
What the company informed the exchanges
The Nomination and Remuneration Committee of the company met on 27th October 2026 and approved the grant of 3,480 stock options to eligible employees under the SKY GOLD – ESOP 2024 scheme. The meeting commenced at 11:45 AM IST and concluded at 11:48 AM IST. The scheme is stated to be in terms of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
The terms of the grant, as disclosed
- Each option, when exercised, converts into one equity share of face value of Rs. 10/- each.
- Total shares covered by these options: 3,480 equity shares.
- Exercise price: Rs. 10/- per option.
- Options vest after a minimum period of one (1) year from the date of grant, subject to the terms of the plan.
- Lock-in period shall not be applicable.
What an ESOP grant means in simple terms
An employee stock option is a right given to employees to buy company shares at a fixed price later, instead of paying them only in cash. Nothing changes hands on the day of the grant: no shares are issued to employees and no money comes into the company at this stage. The disclosure marks the number of options exercised, the money realised on exercise, the shares arising on exercise and the diluted earnings per share impact as not applicable at this stage, because the grant has only just been approved and the one-year minimum vesting period is yet to run.
What to watch
- Whether the options are exercised once the minimum vesting period of one year is completed. Only then would new shares be issued and money be realised by the company at the exercise price of Rs. 10/- per option.
- Any issue of shares on exercise would add to the total share capital and can have a small diluting effect on existing shareholders.
How this can be read
Employee option grants are a routine, people-related decision and are usually read as part of how a company rewards and retains staff. The size here is 3,480 options, so the shareholder impact, if any, would come later and would depend on how many of these options are actually exercised.
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More numbers
- Stock options granted to eligible employees3,480
- Total equity shares covered by these options3,480
- Face value per equity shareRs. 10/-
- Exercise price per optionRs. 10/-
- Minimum vesting period from date of grantone (1) year
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