Valiant Organics Limited has intimated the stock exchanges regarding the grant of employee stock options under its ESOP Scheme 2022.
The Nomination and Remuneration Committee (NRC) of the Board of Directors approved the grant of 18,000 (Eighteen Thousand) Employee Stock Options to an eligible employee of the Company at its meeting held on Wednesday, August 12, 2026. The grant is subject to the provisions of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Key Details of the Grant:
- Number of Options Granted: 18,000
- Exercise Price: ₹10 (Rupees Ten) per option
- Underlying Share: Each stock option entitles the holder to apply for 1 (one) equity share of the Company of face value ₹10 each
- Vesting Status: Nil options vested as of the disclosure date
- Exercise Period: Options are exercisable within a period of 3 (Three) years from the date of vesting
- Exercised Options: Nil options exercised as of the disclosure date
- Money Realized: Nil
- Shares Issued from Exercise: Nil
- Options Lapsed: Nil
- Terms Variation: Not applicable
- Diluted EPS Impact: Options are yet to be exercised, so no current impact on diluted earnings per share
- Conversion Ratio: Each option carries the right to be issued one equity share of ₹10 each
Significant Terms of the ESOP Scheme:
The ESOP Scheme is administered by the Nomination and Remuneration Committee (NRC) of the Board. The grant of options by the NRC is based upon the eligibility criteria as per the Scheme. The granted options, once vested, shall entitle the option holder to acquire an equal number of equity shares upon payment of the exercise price. The Exercise Price of the options granted to an eligible employee shall be determined by the NRC subject to conforming to applicable accounting policies, provided that the Exercise Price shall in no event be less than the face value.