27,50,000 Stock Options Granted Under ESOP 2025 at Rs. 9 Per Option
NRC approved grant of 27,50,000 stock options under ESOP 2025 at an exercise price of Rs. 9/- per option.
- Stock Options Granted
- 27,50,000 stock options
- Exercise Price
- Rs. 9/- per option
- Plan Name
- ESOP 2025
- Recipient Category
- Employees a level below Senior Management
- Purpose
- Talent retention programme
What happened
The Nomination and Remuneration Committee of the company, through a resolution passed by circulation, approved the grant of 27,50,000 stock options under the Employee Stock Option Plan 2025.
- Exercise price: Rs. 9/- per option
- Recipients: employees a level below Senior Management, identified as key contributors
- Purpose: part of a talent retention programme
- Source: unallocated options held by the Subex Employee Welfare and ESOP Benefit Trust
How to read it
Stock options give employees the right to buy company shares at a fixed price in the future, usually after a vesting period. Since these options come from unallocated options already held by the ESOP Trust, they are being drawn from a pool that was set aside earlier rather than created fresh.
The disclosure was made under Regulation 30 of SEBI Listing Regulations and the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
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More numbers
- Stock options granted under ESOP 202527,50,000 stock options
- Exercise price per optionRs. 9/- per option
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