Praxis Home Retail Ltd Approves Grant of 5,00,000 Stock Options
The Nomination and Remuneration Committee of Praxis Home Retail Ltd on April 07, 2026, approved the grant of 5,00,000 stock options to eligible employees under the 'Praxis Employee Stock Option Plan 2024' (ESOP Scheme). The exercise price set for these options is Rs. 5/- per option.The details regarding the stock option grant are provided in an annexure detailing the terms of the ESOP Scheme.
According to the data presented in the annexure, the key details of the options granted are as follows:
| Particulars | Grant under ESOP Scheme |
|---|---|
| Brief details of options granted | 5,00,000 options |
| Whether the scheme is in terms of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 | Yes |
| Total number of shares covered by these options | 5,00,000 equity shares of Rs. 5/- each of the Company. |
| Pricing Formula | Options are granted at the face value of equity shares i.e., at Rs. 5/- each. |
The vesting schedule for the granted options is structured over three years:
- At the end of one year from the date of grant of the options: 40% of the number of options granted.
- At the end of two years from the date of grant of the options: 30% of the number of options granted.
- At the end of three years from the date of grant of the options: 30% of the number of options granted.
Employees will have a period of 3 years from the date of respective vesting to exercise the granted options.
The terms of the ESOP Scheme also cover the handling of stock options in various corporate actions, such as a rights issue, bonus issue, split, consolidation of equity shares, merger/amalgamation, or sale of a division or undertaking, ensuring requisite adjustments are made in a fair and reasonable manner. Furthermore, the equity shares allotted upon the exercise of the Stock Options will not be subject to a lock-in period.
PRAXIS Stock Price Movement
Today, Praxis Home Retail Limited shares edged higher to close at ₹6.39, marking a 4.93% gain for the session. The equity saw trading action today on a volume of 21,462 shares.Source:
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