Key Quantitative Figures

  • Options granted originally: 983,863 options granted to eligible employees on August 1, 2023 under EPACK Employee Stock Option Scheme 2023
  • Options exercised: 48,218 equity shares allotted pursuant to exercise of vested stock options under 3rd Tranche
  • Exercise price: ₹152 per stock option
  • Money realized: ₹73,29,136 (seventy-three lakh twenty-nine thousand one hundred thirty-six rupees)
  • Paid-up capital increase: From ₹96,22,84,770 (comprising 9,62,28,477 equity shares of ₹10 each) to ₹96,27,66,950 (comprising 9,62,76,695 equity shares of ₹10 each)

Dates of Action

  • Committee approval date: September 08, 2026
  • Original grant date: August 1, 2023
  • Vesting dates:
  • 1st Vesting: August 1, 2024 - 235,773 options vested
  • 2nd Vesting: August 1, 2025 - 208,722 options vested
  • 3rd Vesting: August 1, 2026 - 182,255 options vested

Parties Involved

  • Approving authority: Nomination and Remuneration Committee of Board of Directors
  • Recipients: Eligible employees of the Company
  • Compliance officer: Esha Gupta, Company Secretary and Compliance Officer

Vesting and Exercise Details

  • Total options vested (net of lapsed): 626,750 options
  • Options lapsed: 193,468 options as on date
  • Exercise period: Vested stock options may be exercised within 4 years from date of final vesting
  • Special exercise periods:
  • 60 days from termination of employment
  • 365 days from death, disability, or superannuation

Scheme Terms

The ESOP Scheme contemplates grant of employee stock options to eligible employees of the Company and of present and future subsidiary and/or associate companies, including joint venture companies. Upon vesting, option grantees have the right to exercise vested options within prescribed exercise period subject to payment of applicable exercise price and tax obligations.

Additional Information

  • Diluted earnings per share impact: Not applicable (not disclosed)
  • Variation of terms: Not applicable
  • Subsequent changes or cancellation: Not applicable
  • The information has been uploaded on company website: www.epackdurable.com