Kaveri Seed Company Limited Grants Stock Options to Employees
Kaveri Seed Company Limited announced that its Nomination and Remuneration Committee (NRC) approved the grant of 142,352 stock options to eligible employees on March 30, 2026. The options can be exercised for an equivalent number of fully paid equity shares with a face value of Rs.2/- each. The shares were acquired by the Kaveri Employees Trust via the secondary market route under the Kaveri Seed Employee Stock Option Plan 2024.The grant aligns with SEBI’s Share Based Employee Benefits & Securities Regulations, 2021.
Key details of the ESOP grant are as follows:
- Number of Options Granted: 142,352
- Shares Covered: 142,352 Equity Shares
- Exercise Price: Rs.790 per option.
- Discount: Rs.1.75 per option.
- Vesting Schedule:
* 20% after 1 year
* 20% after 2 years
* 25% after 3 years
* 35% after 4 years
* Exercise Period: Options can be exercised within a maximum of 4 years (up to March 30, 2030) from the vesting date.
The company stated that no options have been exercised or lapsed, and there have been no subsequent changes or cancellations to the options granted. The vesting period starts after one year of the grant, with options vesting over the next four years according to the defined ratio.
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