Deccan Gold Mines Limited has made a regulatory disclosure to BSE Limited regarding the grant of employee stock options under SEBI Listing Regulations.
Key Approval Details
The Nomination and Remuneration Committee of the Company approved the grant via resolution passed by circulation on May 23, 2026. The committee approved the grant of 7,50,000 (Seven lakhs Fifty thousand) stock options to eligible employees of the subsidiary company under the DGML SIP 2024.
Stock Option Details
- Total options granted: 7,50,000 stock options
- Total plan size: The DGML SIP 2024 allows for issue and allotment of 8,000,000 (Eighty lakhs) stock options in total
- Conversion ratio: Each option is convertible into one equity share of face value ₹1 each
- Exercise price: ₹20 per stock option/equity share
- Face value: ₹1 per share
Vesting and Exercise Period
The exercise period will commence from the date of vesting and extend up to not later than five years from the date of vesting, or such lesser period as decided by the Nomination and Remuneration Committee.
Current Status
- Options vested: Not applicable as on date
- Options exercised: Not applicable as on date
- Money realized by exercise: Not applicable as on date
- Shares arising from exercise: Not applicable as on date
- Diluted EPS impact: Not applicable as on date
Lapsed Options
30,000 options have lapsed in accordance with the terms and conditions of the ESOP Plan.
Additional Information
- Variation of terms: Not applicable
- Subsequent changes/cancellation: Not applicable
- The grant is subject to compliance with applicable laws and receipt of in-principle approval from stock exchanges