Creative Newtech Limited Board Approves Up To 2 Lakh Employee Stock Options Under New ESOP Scheme
Creative Newtech Limited has approved the CREATIVE Employee Stock Option Scheme -2026, granting up to 2,00,000 stock options to eligible employees of the company and its group entities. The scheme is designed to incentivize staff across all levels and locations.The approval allows for the grant of these Employee Stock Options (ESOPs) to employees of Creative Newtech Limited, as well as its subsidiary, associate, or group companies operating both in India and outside India.
The CREATIVE ESOP Scheme 2026 is subject to final shareholder approval at the upcoming Annual General Meeting (AGM) and must adhere to SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Scheme Implementation and Governance
The company's Board of Directors approved the scheme and authorized its administration by the Nomination and Remuneration Committee. The ESOP benefits will be extended to eligible employees through a direct route involving fresh allotment by the Company.
To facilitate the process, Mr. Tejas Doshi, Chief Compliance Officer and Company Secretary, has been authorized by the Board to coordinate with consultants and undertake all necessary actions related to the engagement and implementation of the proposed scheme.
The key terms governing the CREATIVE ESOP Scheme 2026 include:
| Particulars | Details |
|---|---|
| Options Granted | Up to 2,00,000 Employee Stock Options (Options) through the CREATIVE ESOP Scheme 2026. |
| Pool Size Detail | The pool of options does not exceed 1.5% of the paid-up capital as on June 30, 2026. |
| Implementation Route | Direct route, involving fresh allotment by the Company. |
| Total Shares Covered | 2,00,000 Employee Stock Options exercisable into 2,00,000 Equity Shares of face value Rs. 10/- each. |
| Pricing Formula | The Exercise Price will be determined by the Committee at the time of Grant and linked to the Market Price of the Company. The price cannot go below the share's face value. |
| Vesting Period | Vested options must be exercised not earlier than a minimum period of one year, and within a maximum period of five years, as determined by the Committee. |
| Administration | The Nomination and Remuneration Committee will administer the scheme, involving new issue of equity shares directly by the Company. |
CNL Stock Price Movement
As of 1:20 PM, shares of Creative Newtech Limited are shedding value in live trading, slipping by 0.18% as the stock trades at ₹1014.1. The company has seen 55,676 shares changing hands during this 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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