Date: September 29, 2026
Board Meeting Outcomes
- The Nomination and Remuneration Committee approved the grant of 9,00,000 (Nine Lakh) Stock Options to eligible employees under the "Mangalam Global Enterprise Limited ESOP Scheme 2026"
- Approval was granted via Circular Resolution passed on September 29, 2026
ESOP Grant Details
Basic Details:
- Total options granted: 9,00,000 (Nine Lakh)
- Effective date of Grant: September 29, 2026
- Scheme name: Mangalam Global Enterprise Limited ESOP Scheme 2026 (ESOP 2026)
- Shareholder approved limit: 33,00,000 (Thirty-Three Lakhs) options
Regulatory Compliance:
- The scheme complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
- Disclosure made pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Reference to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Financial Terms:
- Each option covers one equity share of face value ₹1 each
- Exercise price determined by Nomination & Remuneration Committee
- Maximum discount not exceeding 50% of Average Market Price
- Average Market Price calculation: closing price on Stock Exchange with highest trading volume for one year (trading days considered), one day prior to grant date
Vesting and Exercise Terms:
- Options vest according to schedule determined by Nomination & Remuneration Committee
- All options upon vesting are exercisable as per ESOP Scheme
- Shares subject to one-year lock-in period from date of allotment or credit to demat account
- During lock-in: Grantee cannot sell, transfer, encumber or dispose of equity shares
Current Status:
- Options vested: Not Applicable
- Options exercised: Not Applicable
- Money realized by exercise: Not Applicable
- Total shares from exercised options: Not Applicable
- Options lapsed: Not Applicable
- Variation of terms: Not Applicable
- Subsequent changes/cancellation: Not Applicable
- Diluted EPS impact: Not Applicable (pertaining to grant only)