Key Quantitative Figures

  • Total stock options granted: 23,000
  • Total potential equity shares: 23,000 equity shares of face value ₹5 each
  • Exercise price for 14,500 options: ₹150 per option
  • Exercise price for 8,500 options: ₹375 per option
  • Face value of underlying shares: ₹5 per share

Parties Involved

  • Pearl Global Industries Limited (issuing company)
  • Nomination and Remuneration Committee (approving authority)
  • Eligible employees of the Company/Subsidiary Company (option recipients)
  • Shilpa Saraf, Company Secretary and Compliance Officer (signing authority)

Terms and Conditions

  • The plan is administered by the Nomination and Remuneration Committee
  • Grant based on eligibility criteria mentioned in the Plan
  • Options vest according to schedule approved by the Nomination and Remuneration Committee
  • Vested options entitle holders to acquire equal number of equity shares upon payment of exercise price and applicable taxes
  • Exercise period: 4 years from vesting
  • Exercise price determined based on market price, not less than face value and not more than Fair Market Value (FMV)
  • Exercise price was determined for 14,500 options at ₹150 and 8,500 options at ₹375 per option respectively

Capital Structure Impact

If all 23,000 granted options are vested and exercised, it would result in issuance of 23,000 new equity shares of face value ₹5 each.

Financial Impact

Financial impact of option grant not quantified in the disclosure beyond the potential equity dilution and exercise price amounts.