S&S Power Switchgear Reviews Employee Stock Options Scheme 2024
S&S Power Switchgear Limited has reported a review of the stock options granted to eligible employees under the 'S & S Power Switchgear - Employee Stock Option Scheme 2024.'The company provided detailed updates regarding the option grants across two distinct tranches.
According to the records, the details of the options are as follows:
| Detail | Tranche 1 | Tranche 2 |
|---|---|---|
| Options Granted | 6,62,801 (Six Lakh SixtyTwo Thousand Eight Hundred and One) | 2,26,000 (Two Lakh Twenty Six Thousand) |
| Total Shares Covered | 6,62,801 equity shares (Face Value Rs. 10/- each) | 2,26,000 equity shares (Face Value Rs. 10/- each) |
| Exercise Price per Option | INR 180 | INR 180 |
| Vesting Status | Not Applicable at this stage | Not Applicable at this stage |
The scheme details confirm that the exercise price for the options remains at INR 180 across both tranches. Furthermore, the exercise period for vested options has been specified as a maximum of four years from the date of each Vesting of such Options.
The total options granted to eligible employees span 6,62,801 options in the first tranche and 2,26,000 options in the second tranche. These options are exercisable into fully paid-up equity shares of face value Rs. 10/-.
S&SPOWER Stock Price Movement
On Friday, S&S Power Switchgears Limited shares edged higher to close at ₹361.15, marking a gain of 1.99%. The stock finished the session significantly above its previous close of ₹354.1.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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