Enviro Infra Engineers Limited disclosed the grant of employee stock options pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Quantitative Details
- Total options granted: 3,17,489 stock options
- Face value per share: ₹10 (Rupees Ten Only)
- Conversion ratio: Each option convertible into one equity share
- Exercise pricing: Tiered structure based on employee tenure:
- 2 years to 5 years: ₹170 per share
- More than 5 years up to 10 years: ₹160 per share
- More than 10 years: ₹150 per share
Vesting Schedule
The options vest progressively over a 5-year period with specific vesting dates:
- Year 1 (October 16, 2027): 10% vesting
- Year 2 (October 16, 2028): 15% vesting
- Year 3 (October 16, 2029): 20% vesting
- Year 4 (October 16, 2030): 25% vesting
- Year 5 (October 16, 2031): 30% vesting
Vesting is subject to fulfilment of applicable service conditions and achievement of both Company and individual KPI targets as per the Plan.
Exercise Period
Option holders may exercise vested options within a 3-year period from the respective vesting date, subject to the terms and conditions of the Plan.
Administrative Details
The Plan is administered by the Nomination and Remuneration Committee of the Company. Grant of Options is based on eligibility criteria specified in the Plan.
Financial Impact
No money has been realized by exercise of options as of this disclosure. Diluted earnings per share impact is noted as "Not Applicable" in the disclosure.