Shriram Asset Management Company Limited has made a regulatory disclosure to BSE Limited regarding the grant of employee stock options.
The Nomination and Remuneration Committee of the Board of Directors approved the grant of 4,28,433 stock options under the company's Employees Stock Option Plan, 2022. This disclosure is made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Details of Stock Option Grant:
- Total options granted: 4,28,433 stock options to eligible employees
- Regulatory compliance: The scheme is in terms of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
- Share coverage: Each stock option is convertible into 1 equity share of ₹10 face value
- Total shares covered: 4,28,433 equity shares of ₹10 each
- Pricing formula: Exercise price shall be decided by the Committee at its sole discretion, but shall not be less than the face value of shares. The price may differ for different classes of employees within the same tranche
- Exercise period: Options may be exercised within 10 years from the date of vesting
Additional Information:
- The options are not yet vested (Not Applicable)
- No options have been exercised yet (Not Applicable)
- No money has been realized from exercise of options (Not Applicable)
- No shares have arisen from exercise of options (Not Applicable)
- No options have lapsed (Not Applicable)
- No variations of terms of options (Not Applicable)
- No significant terms details provided (Not Applicable)
- No subsequent changes or cancellation of options (Not Applicable)
- Diluted EPS impact not applicable at this stage (Not Applicable)
Committee Meeting Details:
The Nomination and Remuneration Committee meeting was held on October 30, 2026, commencing at 5:00 PM and concluding at 6:00 PM.