Master Trust Limited Approves Grant of 9,45,200 Stock Options Under ESOP 2025
Master Trust Limited announced that its Nomination & Remuneration Committee, during a committee meeting held on May 16, 2025, approved the grant of 9,45,200 stock options. These options are provided under the 'Master Trust Limited Employee Stock Option Plan 2025' (ESOP 2025) for eligible employees of the Company.The grant utilizes the ESOP 2025 and confirms that the scheme is compliant with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Each stock option granted is convertible into one fully paid-up equity share with a face value of INR 1/-.
Key Details of the Employee Stock Option Plan
The ESOP 2025 outlines specific terms and conditions for the granted options. The exercise price per option is determined by the Compensation Committee and must be a discounted price, not exceeding 20% of the prevailing market price on the Stock Exchange having the highest trading volume one day prior to the date of grant. Employees are responsible for bearing all tax liability related to the options.A summary of the significant terms and timelines associated with the ESOP 2025 is provided below:
| Feature | Detail |
|---|---|
| Total Options Granted | 9,45,200 Options under ESOP 2025 |
| Vesting Duration | Options vest over a maximum period of 4 years from the date of Grant of options. |
| Minimum Vesting Period | At least 1 year from the date of Grant of options. |
| Vesting Schedule | Options shall vest over 4 years, with 25% vesting annually from the Grant Date, subject to continued employment and performance criteria. |
| Exercise Period | The maximum exercise period is 4 years from the date of respective vesting of options. |
| Lock-in Status | Shares allotted upon exercise will not be subject to lock-in. |
| Administration | The Plan is administered by the Nomination and Remuneration Committee (NRC). |
Under the plan’s terms, employees can exercise all vested options at one time or at various points of time within the Exercise Period.
The plan stipulates that the equity shares allotted through the exercise of the stock options will not be subject to a lock-in period. The vesting structure mandates an annual vesting percentage: 25% of Options granted at the end of the 1st year, 25% at the end of the 2nd year, 25% at the end of the 3rd year, and 25% at the end of the 4th year from the grant date.
MASTERTR Stock Price Movement
On Friday, Master Trust Limited shares edged higher, finishing the day at ₹93.02 after gaining 6.77%. The equity settled on a robust volume of 936,909 shares.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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