SKY GOLD AND DIAMONDS LIMITED Approves Grant of 4,704 Stock Options under ESOP 2024
SKY GOLD AND DIAMONDS LIMITED announced that its Nomination and Remuneration Committee (NRC) approved the grant of stock options to eligible employees. The grant falls under the Sky Gold Limited Employee Stock Option Plan 2024 (SKY GOLD - ESOP 2024).The Committee approved the allocation of 4,704 stock options to the Company's eligible employees, as approved during its meeting held on May 27, 2026.
The ESOP 2024 plan is structured in line with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The total pool of options covers 4,704 equity shares, each having a face value of Rs. 10/-. The defined exercise price for these options is Rs. 10/- per option.
Key Terms of the Stock Option Grant
The details concerning the ESOP are summarized below, detailing the terms approved for the employees under the 'SKY GOLD - ESOP 2024' scheme:| Particulars | Detail |
|---|---|
| Total Options Granted | 4,704 Options |
| Shares Covered | 4,704 Equity Shares (Rs. 10/- face value) |
| Exercise Price | Rs. 10/- per option |
| Vesting Requirement | Minimum period of one (1) year from the date of grant |
| Conversion Ratio | Each Option converts into One (1) Equity Share |
| Lock-in Period | Not applicable |
The options granted are subject to vesting within the designated Vesting Period, which is set forth in the terms of the 'SKY GOLD - ESOP 2024' Scheme. The company noted that there is no money realized or number of shares arising from the exercise of options at this stage.
The Company stated that the administration of the scheme will be handled by the Nomination and Remuneration Committee.
SKYGOLD Stock Price Movement
SKY GOLD AND DIAMONDS LIMITED shares today slipped by 0.90% to settle at ₹476, marking a significant drop of ₹4.30. The equity saw heavy trading activity, with shares moving on a volume of 2.05 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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