Shyam Metalics and Energy Limited Announces Exercise of Options under ESOP Scheme
Shyam Metalics and Energy Limited has 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 these exercises during its meeting held on June 16, 2026.The exercised options pertain to the vested shares offered through the incentive plan for eligible employees under the aforementioned ESOP Scheme.
Key details regarding the options granted are as follows:
| Detail | Information |
|---|---|
| Scheme | SMEL Performance ESOP Scheme ('ESOP - 2023') |
| Total Options Granted | 8,76,738 Options to 63 Eligible Employees |
| Shares Covered by Options | 8,76,738 equity shares of face value ₹210 each |
| Pricing Details | 62 Employees were granted options at ₹326 (a 25% discount on market price on September 25, 2023), and 1 Employee was granted at ₹331 (a 25% discount on market price on September 27, 2023). |
| Exercise Period | The vested options may be exercised within a period of one year from the commencement of the respective vesting period. |
Exercise and Financial Outcomes
Between June 1 and June 15, 2026, 40,242 options were successfully exercised by 10 eligible employees. This exercise resulted in Shyam Metalics and Energy Limited realizing ₹1,31,21,307.06 (Rupees One Crore Thirty One Lakh Twenty One Thousand Three Hundred Seven and Six Paise).The successful execution of the option exercises led to the allotment of 40,242 shares, as one option corresponds to one share. No options lapsed during this period, and no variations in the terms of the options were noted.
SHYAMMETL Stock Price Movement
Shares of Shyam Metalics and Energy Limited are shedding value at 12:47 PM, currently down 0.98% to trade at ₹960.3.The stock records a trading volume of 240,589 shares in the live market.
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