Key Quantitative Figures

  • Total options granted: 104,500
  • Number of eligible employees: 5
  • Face value of underlying shares: ₹10 each
  • Exercise price per option: ₹679.43
  • Vesting percentage: 20% of granted options

Scheme Details

  • The ESOP scheme is compliant with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
  • Each stock option is convertible into one fully paid-up equity share of face value ₹10
  • The exercise price of ₹679.43 represents a 25% discount to the market price
  • Market price was determined based on the closing price on NSE (which had the highest trading volume)

Exercise Terms

  • Options may be exercised within 1 year from respective vesting dates
  • Exercise can be done either in whole or in part
  • Exercise must occur during specified exercise windows
  • Grantees must submit completed exercise application with applicable exercise price, taxes, and charges

Administrative Structure

  • The ESOP Scheme is administered via an ESOP Trust
  • The trust is authorized to purchase shares from the secondary market to facilitate ESOP exercises
  • Grant eligibility is determined by the Nomination and Remuneration Committee (NRC)

Additional Information

  • The disclosure has been uploaded on the company's website at www.shyammetalics.com
  • The company has requested the exchanges to take this information on record