Key Decision and Date
The Nomination and Remuneration Committee of Diamines and Chemicals Limited approved the grant of 3000 stock options to an eligible employee of the Company under the ESOP-2021 plan at their meeting held on August 04, 2026.
Scheme Details
The ESOP-2021 scheme was originally formulated and approved by shareholders on July 20, 2021 pursuant to SEBI (Share Based Employee Benefits) Regulations, 2014. The scheme was subsequently updated/amended based on SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 ('SEBI SBEBSE') by the Nomination and Remuneration Committee and the Board at their meeting held on May 11, 2022.
Grant Specifics
- Number of Options Granted: 3000 stock options
- Share Coverage: Each option carries the right to apply for and be allotted 1 (one) equity share of face value of ₹10 each
- Total Shares Covered: 3000 equity shares of ₹10 each
Pricing Formula
Exercise price for eligible employee is based on appointment terms:
- Shares granted on Face Value of the Share at ₹10
- Shares granted at 50% of Market Price (closing price of previous trading day from grant day)
Vesting Schedule
100% of the options granted shall vest on completion of three years from the date of grant for an employee to whom it has been granted as a joining bonus or incentive.
Exercise Period
The exercise period shall be a maximum of five years from the date of respective vesting of Options.
Historical Option Activity
- Options Exercised: 750 shares
- Money Realized by Exercise: ₹7500
- Options Lapsed: 9643 shares
Plan Limits and Current Status
The total number of Options to be granted under the ESOP Plan shall not exceed 2,00,000 (Two lakhs Only), representing 2% of the total paid up share capital of the Company. This grant of 3000 Options represents the 8th tranche under the ESOP Plan.
Financial Impact
The 3000 Options granted are yet to be exercised, therefore no diluted earnings per share impact has occurred from this specific grant.