Committee approves grant of ~4.42 lakh stock options under ESOP Plan 2023
~4.42 lakh stock options granted to eligible employees under ESOP Plan 2023.
By ScoutQuest · · 2 min read
- Stock options granted
- ~4.42 lakh stock options granted to eligible employees under ESOP Plan 2023
- Face value per option
- Each option = one equity share of Rs. 10 face value, at market price
- Vesting and exercise
- Vests over 3-5 years; exercisable up to 3 years from vesting
What was disclosed
- The Nomination and Remuneration Committee, at its meeting on October 30, 2026, approved the grant of ~4.42 lakh stock options to eligible employees under the Syrma SGS Employee Stock Option Plan 2023.
- The grant is made through the Syrma SGS Employee Welfare Trust.
- Each option, upon exercise, entitles the holder to one equity share of Rs. 10 face value.
Pricing
The options have been granted at market price, as defined under the SEBI (Share Based Employees Benefits and Sweat Equity) Regulations, 2021 and the ESOP Plan 2023.
Vesting schedule
The grant is split into two vesting tracks, each subject to the terms and performance criteria in the ESOP Plan 2023.
- Options for 351431 Nos vest in five equal steps of 20% each, on the 1st, 2nd, 3rd, 4th and 5th anniversary from the date of grant.
- Options for 91055 Nos vest in three steps: 30% on the 1st anniversary, 30% on the 2nd anniversary and 40% on the 3rd anniversary from the date of grant.
Exercise window
A vested option can be exercised within a maximum period of 3 years from the date of vesting.
What it means for a shareholder
- ESOPs are a way of paying and retaining employees partly through shares rather than cash. They do not bring money in at the time of grant; cash comes only when employees exercise the options and pay the exercise price.
- If all these options are vested and exercised fully, ~4.42 lakh equity shares of Rs. 10 each would arise. Because vesting is spread over three to five years, this addition to the share base would come in stages, not all at once.
- As of now, none of these options has been exercised, and none has lapsed.
- An ESOP grant is a routine people-related disclosure. It tells you the company is using equity-linked incentives for employees; it does not change the company's operations or earnings on its own.
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More numbers
- Stock options granted4,42,486
- Equity shares covered by the options4,42,486 Equity shares
- Face value per equity shareRs. 10
- Options vesting 20% a year over 5 years351431 Nos
- Options vesting 30/30/40 over 3 years91055 Nos
- Maximum exercise period from vesting3 years
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