This is a regulatory disclosure submitted to BSE Limited in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The document intimates the grant of employee stock options under the company's ESOP scheme.
A meeting of the Nomination and Remuneration Committee of Mega Corporation Limited was held and concluded on Wednesday, 12th August 2026 at 02:30 P.M. The committee approved the grant of 1,00,00,000 (One Crore) Employee Stock Options ("Options") under the Mega Corporation Limited Employee Stock Option Scheme – 2025.
Key Details of the Grant:
- Scheme Name: Mega Corporation Limited Employee Stock Option Scheme – 2025
- Number of Options Granted: 1,00,00,000
- Effective Grant Date: 12th August 2026
- Underlying Shares: Each option is convertible into one equity share of face value ₹1
- Exercise Price: ₹1 (Rupees One only) per option
- Pricing Formula: The exercise price is linked to the Market Price as defined in the Scheme and decided by the Committee at the time of grant
- Total Potential Shares: 1,00,00,000 equity shares will arise if all granted options are vested and exercised
Scheme Administration and Terms:
- The Scheme is administered by the Nomination and Remuneration Committee
- Implementation is through a direct route via fresh allotment from the Company
- Grant is based on eligibility criteria mentioned in the Scheme
- Vesting Period: Commences after 1 year from the Grant Date and extends up to a maximum of 4 years from the Grant Date
- Exercise Period: All options upon vesting are exercisable within a maximum of 10 years from the date of respective vesting
- Upon vesting, option holders can acquire equal number of equity shares upon payment of exercise price, applicable taxes, and other charges
The disclosure is made pursuant to Regulation 30 of the SEBI (LODR) Regulations read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024.