Cera Sanitaryware Reports Exercise of Stock Options under ESOS 2024
Cera Sanitaryware Limited has reported on the exercise of stock options granted to its eligible employees under the Cera Sanitaryware Employee Stock Option Scheme 2024 (ESOS 2024).The company confirmed that employees utilized their rights concerning the scheme, resulting in a specific realization amount.The ESOS 2024 was instituted with 14,950 options granted to eligible employees on June 5, 2024. The options were structured with various vesting schedules, including a minimum vesting period of one year and a maximum vesting period of five years from the grant date.
Of the total options initially granted, 2,244 options vested as of June 5, 2026 (representing the second anniversary or 15% of the granted options). Cera Sanitaryware reported that 2,109 options were exercised on June 17, 2026.
The exercise was completed at a price equal to the face value of the shares, which is Rs. 5/- per option. Consequently, the company realized Rs. 10,545/-, corresponding to the sale or exchange of these options.
Cera Sanitaryware noted that there will be no change in the paid-up equity share capital of the Company as the shares related to this exercise were sourced from the secondary market.
Key details regarding the option scheme and the exercised options are summarized below:
| Particulars | Details |
|---|---|
| Name of Scheme | Cera Sanitaryware - Employee Stock Option Scheme 2024 (ESOS 2024) |
| Options Granted (Grant I) | 14,950 options on June 5, 2024 |
| Options Vested as of June 5, 2026 | 2,244 options |
| Options Exercised on June 17, 2026 | 2,109 options |
| Exercise Price per Option | Rs. 5/- (Face value) |
| Money Realized from Exercise | Rs. 10,545/- |
| Impact on Paid-up Capital | No change (shares sourced from secondary market) |
CERA Stock Price Movement
Today, Cera Sanitaryware Limited saw its stock shed 0.64%, closing down to ₹6156. The shares traded within a day-long range of ₹6128 to ₹6251 in the market 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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