Key Quantitative Figures
- Total Stock Options Granted: 124,000
- Total Shares Covered: 124,000 Equity Shares of face value ₹5 each
- Exercise Price for 112,000 options: ₹400 per option
- Exercise Price for 12,000 options: ₹975 per option
Parties Involved
- Granting Authority: Nomination and Remuneration Committee (Compensation Committee) of Pearl Global Industries Limited
- Plan: Pearl Global Industries Limited Employee Stock Option Plan 2022 (ESOP 2022)
Terms and Conditions
- Each option is convertible into one Equity Share of ₹5 face value
- Exercise price shall not be less than the par value of equity shares
- Exercise price shall not be more than Fair Market Value (FMV) at time of grant
- Options vest according to schedule approved by Nomination and Remuneration Committee
- Vested options can be exercised in one or more tranches during 4-year exercise period
- Plan is administered by Nomination and Remuneration Committee
- Grant based on eligibility criteria mentioned in the Plan
Financial Impact
- Maximum potential equity dilution: 124,000 shares (if all options are vested and exercised)
- Financial impact not quantified in the disclosure for diluted EPS
Additional Information
- Options lapsed: Not applicable (pertaining to grant)
- Variation in terms: Not applicable
- Subsequent changes/cancellation/exercise: Not applicable (pertaining to grant)
#Tags: #PearlGlobal #ESOP #SEBIRegulation30 #EmployeeCompensation #FinancialDisclosure