Key Quantitative Figures
The Nomination and Remuneration Committee (NRC) granted 1,15,000 (One Lakh Fifteen Thousand) Stock Options to the company's Chief Executive Officer (CEO), who is identified as an employee.
Dates of Action
The NRC meeting where the grant was approved was held on Saturday, 24th October, 2026. The meeting commenced at 06:00 p.m. and concluded at 07:00 p.m..
The letter disclosing this information is dated 26th October, 2026.
Parties Involved
The grant was made by Alicon Castalloy Limited (Scrip Code: 531147, Scrip Symbol: ALICON).
The recipient is the company's Chief Executive Officer (CEO), an identified employee.
The grant was approved by the Nomination and Remuneration Committee (NRC) of the Board of Directors.
The disclosure is signed by Sneha Shukla, Company Secretary.
Purpose and Regulatory Context
The options were granted under the Alicon Castalloy Ltd. - Employee Stock Options Scheme- 2026.
The scheme is governed by the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 (as amended).
Terms of the Grant
All stock options granted have a minimum vesting period of 1 (One) year from the date of grant (24th October, 2026).
The specific vesting schedule and exercise price are to be detailed in the respective grant letter issued to the employee.
Financial Impact
Financial impact not quantified in the disclosure.