Magson Retail And Distribution Approves Grant of 3,58,250 Stock Options Under ESOS 2025
Magson Retail and Distribution Limited (MRDL) announced the approval of the grant for a significant number of Employee Stock Options (ESOP) under its Magson Retail and Distribution Limited Employee Stock Option Scheme 2025 (MRDL ESOS 2025). The decision was made by the Nomination and Remuneration Committee during a meeting held on August 11, 2026.The company approved the grant of 3,58,250 Employee Stock Options to eligible employees for conversion into Equity Shares. These options are set under the terms of the MRDL ESOS 2025 and aim to align employee interests with the long-term goals and future growth of the company.
The Nomination and Remuneration Committee established the terms for the ESOPs, noting that the exercise price is fixed at ₹ 10 per Stock Option as granted, corresponding to the face value of the equity shares.
Key parameters regarding the options granted include:
| Particulars | Details |
|---|---|
| Brief details of options granted | Grant of 3,58,250 Options to eligible employees by Nomination and Remuneration Committee. Effective grant date is August 11, 2026. |
| Total number of shares covered | Each ESOP converts into one equity share of the Company with a face value of ₹ 10/-. A total of 3,58,250 equity shares are covered. |
| Pricing formula | The Exercise Price is set at ₹ 10 per Stock Option as granted. |
| Options vested | NIL. |
| Time within which option may be exercised | Vested options can be exercised anytime within an Exercise window determined by the Company, provided it is a minimum of one year and a maximum of five years from the date of Vesting. All vested options must be exercised at one time within the Exercise Period. |
The purpose of the MRDL ESOS 2025 scheme was outlined as compensating and recognizing performance, attracting and retaining talent, and driving future growth for the company. The Committee is responsible for administering the ESOPs, which will be granted based on pre-defined performance conditions determined by the Committee.
The granting of these options also includes a correction to an initial disclosure, pertaining only to an inadvertent typographical error concerning the meeting timings in the previous intimation. All other details previously reported remain unchanged.
MAGSON Stock Price Movement
Magson Retail And Distribution Limited shares tumbled today, shedding 3.18% to settle at ₹181.05 in the post-market session. Trading volume recorded 1,000 shares during this brief period.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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