Action Construction Equipment Limited Grants 56,790 Employee Stock Options Under 2021 Scheme
Action Construction Equipment Limited announced that its Nomination and Remuneration Committee approved the grant of 56,790 Employee Stock Options (Options) to eligible employees. The resolution was passed on Wednesday, May 20, 2026.These options are governed under the Action Construction Equipment Limited Employees Stock Option Scheme - 2021. The Options are convertible into an equal number of Equity Shares of the Company, each having a face value of Rs. 2/-.
The grant specifies that the effective grant date for the options will be June 1, 2026. The total options granted are 56,790, which correspond to 56,790 Equity Shares of face value Rs. 2/-.
Key Terms of the Stock Option Grant
The terms for the options provide a clear structure for vesting and exercise. Under the scheme, the exercise price for the options was determined at Rs 870/- per option.The scheme confirms that it is administered in accordance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The total potential shares arising from the exercise of these options, assuming all options vest and are exercised, stand at 56,790 Equity Shares of face value Rs. 2/- each.
Vesting and Exercise Period
The options are subject to vesting within three years from the grant date, with a minimum vesting period of one year. The vesting schedule is structured equally over the three-year period.| Vesting Milestone | Time Period | Percentage of Options to be Vested |
|---|---|---|
| End of 1st Year | One year from grant date | 33.33% of the Options Granted |
| End of 2nd Year | Two years from grant date | 33.33% of the Options Granted |
| End of 3rd Year | Three years from grant date | 33.33% of the Options Granted |
Once vested, all options are exercisable within two years from the date of respective vesting. The company noted that the grant pertains only to the option grant and does not involve the exercise or realization of funds at this time.
ACE Stock Price Movement
Shares of Action Construction Equipment Limited today slipped by 2.44% to settle at ₹867.70. The equity traded on a volume of 608,360 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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