GRP Ltd Announces Employee Stock Option Grant and Sets Date for Annual General Meeting
GRP Limited, at its Board meeting held on Wednesday, June 17, 2026, approved several corporate decisions, including the granting of additional stock options under the 'GRP Limited Employee Stock Option Plan 2024,' alongside setting the date for the company's upcoming Annual General Meeting (AGM).The board also confirmed that during the meeting, which commenced at 11 a.m. and concluded at 2:30 p.m., various matters related to the company’s future operations were considered and approved.
Stock Option Grant Details
GRP Ltd granted a total of 79,400 options under the 'GRP Limited Employee Stock Option Plan 2024.' The scheme stipulates that each option will entitle the holder to one equity share of face value Rs. 10/-.The terms of the stock option grant are structured as follows:
| Particulars | Details |
|---|---|
| Total Options Granted | 79,400 options |
| Plan Name | GRP Limited Employee Stock Option Plan 2024 |
| Shares per Option | One equity share (face value Rs. 10/-) |
| Vesting Period | Maximum 4 years from the date of grant |
| Exercise Window | Within a period of 3 years from the date of Vesting |
| Vesting Criteria | Upon achieving earmarked targets for the respective years |
The Exercise Price for these stock options is defined as the average of the daily high and low of the volume weighted average prices of the shares quoted on the recognised stock exchange during the 15 trading days preceding the grant date. As per the plan, eligible employees will exercise these ESOPs upon satisfying the specific vesting conditions set by the Nomination and Remuneration Committee or Compensation Committee.
Annual General Meeting Notice
In addition to the equity incentive program, the company announced that its fifty-second Annual General Meeting (AGM) is scheduled to be held on Thursday, July 23, 2026, at 12:30 p.m. The meeting will be conducted through Video Conferencing or Audio Visual Means (VC/OAVM).GRPLTD Stock Price Movement
Shares of GRP Limited are edging higher to ₹1757 as of 3:14 PM, rallying on the day after gaining 5.56%, or ₹92.50. The stock has traded within a volatile intraday range, reaching a high of ₹1760 but successfully defending above its low of ₹1666.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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