Shyam Metalics and Energy Completes Employee Option Exercise under ESOP Scheme
Shyam Metalics and Energy Limited reported the exercise of options by eligible employees under the SMEL Performance ESOP Scheme (ESOP - 2023). The company's Nomination and Remuneration Committee (NRC) approved the exercise of these options and the consequent allotment of equity shares during a meeting held on June 1, 2026.The ESOP Scheme, administered under the SMEL Employee Stock Incentive Plan - 2023 (ESIP - 2023), facilitates option exercises through an ESOP Trust, which is authorized to purchase shares from the secondary market.
ESOP Scheme Details
The initial grant covered 8,76,738 options allocated to 63 eligible employees. These options relate to 8,76,738 equity shares, each with a face value of ₹ 2.10.The options were granted at the following discounted pricing:
- For 62 employees, the option price was ₹ 326 (Rupees Three Hundred and Twenty Six Only), reflecting a 25% discount on the market price recorded on September 25, 2023.
- For 1 employee, the option price was ₹ 331 (Rupees Three Hundred and Thirty One Only), also reflecting a 25% discount on the market price recorded on September 27, 2023.
Under the ESOP Scheme, options vest over several anniversaries of the grant date. The vesting percentages are structured as follows:
| Vesting Schedule | Vesting Percentage |
|---|---|
| First anniversary of the grant date | 20% of the total Eligible Options |
| Second anniversary of the grant date | 23% of the total Eligible Options |
| Third anniversary of the grant date | 23% of the total Eligible Options |
| Fourth anniversary of the grant date | 34% of the total Options |
Recent Options Exercise Activity
Between May 20, 2026, and May 31, 2026, a specific exercise transaction was recorded. A total of 33,614 options were exercised by 12 eligible employees.The financial details of this recent exercise are as follows:
| Particulars | Details |
|---|---|
| Options Exercised (Period: May 20, 2026 to May 31, 2026) | 33,614 Options (by 12 eligible employees) |
| Money Realized by Exercise of Options | ₹ 1,08,79,496.24 (Rupees One Crore Nine Lakh Seventy Nine Thousand Four Hundred and Ninety Six Rupees and Twenty Four Paise Only) |
| Shares Arising from Exercise of Options | 33,614 Shares |
| Variation in Options | Nil |
The company noted that the equity shares allotted pursuant to the exercise of the stock options would not be subject to a lock-in period.
SHYAMMETL Stock Price Movement
As of 12:52 PM, shares of Shyam Metalics and Energy Limited are slipping by 0.43% in live trading, currently priced at ₹969.2 as the market moves. Trading volume for the industrial metal exporter stands at 328,305 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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