SG Mart Ltd Awards 4,86,000 Employee Stock Options under SG Mart Limited Employees Stock Option Scheme, 2023
SG Mart Ltd announced the grant of employee stock options following a meeting of its Nomination and Remuneration Committee held on July 20, 2026. The committee approved the grant of 4,86,000 Employee Stock Options under the SG Mart Limited Employees Stock Option Scheme, 2023 (which was formerly known as the Kintech Renewables Limited Employees Stock Option Scheme, 2023).The options are convertible into an equivalent number of Equity Shares of the Company and have a face value of ₹1/- each. The grant is governed by the established terms and conditions of the Scheme, which is administered by the Nomination and Remuneration Committee.
Key financial parameters and operational details pertaining to the option grant were confirmed during the committee meeting. These included setting the exercise price and defining the vesting and exercise timelines for all granted options.
The Exercise Price was determined at ₹367.85 per Option, which meets the criteria of being no lesser than the face value and not higher than the Market Price as defined in the Scheme.
A summary of the terms related to the stock option grant is presented below:
| Particular | Detail |
|---|---|
| Brief details of options granted | Grant of 4,86,000 Options to eligible employees. Effective grant date is July 20, 2026. |
| Total number of shares covered by these options | 4,86,000 Equity Shares of face value ₹1/- each (Each Option converts into one Equity Share). |
| Exercise Price per Option | ₹367.85 |
| Vesting Schedule | All granted options shall vest from the date of grant as per the vesting schedule approved by the Committee. |
| Time within which option may be Exercised | All vested Options must be exercised within one year from the date of last vesting of the Options. |
The Scheme ensures that once vested, the granted options entitle the Option holder to acquire an equal number of Equity Shares upon payment of the exercise price and applicable taxes as per the terms of the Scheme. Furthermore, all Vested Options shall be exercised in one or more tranches within a period of one year from the date of last vesting of the Options.
SGMART Stock Price Movement
SG Mart Limited shares gained strongly today, finishing at ₹677.85 after climbing 4.43% in post-market trading. The rally underscored the equity's significant momentum as it traded within a wide intraday range and delivered volume of 3.85 million 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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