Arrow Greentech Limited Approves Grant of 61,000 Options Under ESOP Scheme
Arrow Greentech Limited has announced that its Nomination and Remuneration Committee (NRC) has approved the grant of 61,000 Employee Stock Options (Options) to eligible employees. These options fall under the company's internal framework, the Arrow Greentech ESOP Scheme - 2024.The grant is designed to provide incentives to identified employees, covering a total of 61,000 stock options. These options are exercisable into an equal number of equity shares, each having a face value of Rs. 10/- (Rupees Ten) fully paid up in the Company.
According to the details provided regarding the ESOP grant, the key terms and financial specifications are as follows:
| Parameter | Detail |
|---|---|
| Total Options Granted | 61,000 Employee Stock Options |
| Total Shares Covered | 61,000 Equity Shares |
| Exercise Price Per Option | Rs. 359/- |
| Vesting Period | Options must have a minimum 1 Year Vesting period from the date of Grant and vest according to the specified Grant Letter schedule. |
| Exercise Timeline | Vested Options shall be excisable within a period of three years from the date of vesting. |
The company confirmed that the Options granted are subject to the structure of the Arrow Greentech ESOP Scheme - 2024. The exercise of these options, which are priced at Rs. 359/- per option, forms part of the company's employee benefits plan.
ARROWGREEN Stock Price Movement
Today, Arrow Greentech Limited shares slipped by 0.86% to settle at ₹477.25. The equity traded on 23,271 shares, marking a downward movement within an intraday range of ₹470.00 to ₹497.80.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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