Kanpur Plastipack Limited Grants 4,04,740 Employee Stock Options Under 2025 Scheme
Kanpur Plastipack Limited announced that its Nomination and Remuneration Committee held a meeting on May 08, 2026, to authorize the grant of Employee Stock Options (Options) to eligible employees. The options are part of the Kanpur Plastipack Limited Employee Stock Option Scheme - 2025 (Scheme).The Company confirmed that the meeting was held at 11:00 AM and concluded at 12:20 PM. The Scheme provides options convertible into an equal number of Equity Shares, each having a face value of Rs. 10.
The key details of the option grant under the Scheme are as follows:
| Detail | Description |
|---|---|
| Options Granted | 4,04,740 options to eligible employees. |
| Grant Date | May 08, 2026. |
| Total Shares Covered | 4,04,740 Equity Shares. |
| Exercise Price | Rs. 202/- per Option. |
| Vesting Period | The Vesting Period begins from one year from the Grant Date and extends up to a maximum of four years. |
| Exercise Window | Options can be exercised wholly or partly within a maximum period of one year from the date of respective Vesting. |
The Scheme mandates that the benefits will be extended to Eligible Employees through a fresh allotment from the Company. The grant of options is based on established eligibility criteria outlined in the Scheme.
The Company noted that the exercise price was determined by the Committee at Rs. 202 per option, and this price is linked with the Market Price as defined in the Scheme. The exercise price will not be more than the Market Price, but it also cannot be less than the face value of the Company's Share. The Committee retains the power to re-price the grants in the future if the grant becomes unattractive due to a fall in the Share price, following prescribed regulations and obtaining necessary approvals.
KANPRPLA Stock Price Movement
As of 12:54 PM, shares of Kanpur Plastipack Limited are shedding value, dipping 2.22% in live trading and currently holding at ₹215. The stock is facing notable selling pressure, evidenced by 17,428 shares transacted in the live market so far.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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