Key Quantitative Figures
- Number of options granted: 1,16,050
- Exercise price: ₹10 per option
- Each option is convertible into one equity share of face value ₹10 each
Parties Involved
- Grantor: IZMO Limited
- Recipients: Eligible employees of the company
- Approving authority: Nomination Remuneration Committee of the Board of Directors
Terms and Conditions
- Exercise period: Commences from date of vesting and expires not later than 60 months (5 years) from vesting date
- Equity shares arising from exercise will rank pari passu with existing equity shares
- Other terms as per ESOP 2013 scheme
Additional Details
- The options were granted to eligible employees of the company
- The disclosure includes an annexure with complete details as required by SEBI regulations
- Fields for options vested, exercised, money realized, shares issued, options lapsed, variation of terms, subsequent changes, and diluted EPS are marked as not applicable or blank in the current filing
Financial Impact
The potential equity dilution from this grant would be 1,16,050 shares upon full exercise of all options. The exercise price is set at ₹10 per option, which is the face value of the shares.