Godrej Consumer Products Limited has made a regulatory disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Key Quantitative Figures
The committee approved grant of 14,92,392 (Fourteen Lakh Ninety Two Thousand Three Hundred Ninety Two) stock options to eligible employees.
Details of Grant
- Total shares covered: 14,92,392 Equity Shares of face value ₹1 each
- Exercise price: ₹1 (Rupees One Only) per Stock Option (at face value)
- Options vested: Nil
- Exercise period: 6 months from the Vesting date(s)
- Options exercised: Not applicable at this stage
- Money realized: Not applicable at this stage
- Shares from exercise: Not applicable at this stage
- Options lapsed: Not applicable at this stage
Vesting Schedule
The stock options vest based on achievement of prescribed performance conditions:
- 50% of eligible stock options will vest on June 30, 2030
- Remaining 50% of eligible stock options will vest on June 30, 2031
Purpose and Rationale
The grant is intended to incentivize long-term performance in alignment with the Company's strategic objectives. The proposal seeks to provide long-term incentives through stock options to select eligible employees who are part of the global leadership team.
Capital Structure Impact
Equity Shares arising on the exercise of the Stock Options shall rank pari-passu with all other equity Shares of the Company from the date of allotment.
Additional Information
- Diluted earnings per share impact: Not applicable at this stage
- Subsequent changes or cancellation: Not applicable
- The intimation will be hosted on the company website at www.godrejcp.com