Sky Gold And Diamonds Ltd Grants 5,508 Stock Options Under 'SKY GOLD ESOP 2024'
The Nomination and Remuneration Committee (NRC) of Sky Gold And Diamonds Limited approved the grant of employee stock options under the 'SKY GOLD ESOP 2024' scheme. This decision was made during a meeting held on August 9, 2026, which commenced at 11:00 AM IST and concluded at 11:05 AM IST.The NRC approved granting a total of 5,508 stock options to eligible employees of the company under the Employee Stock Option Plan 2024 ('SKY GOLD ESOP 2024'). The scheme is structured for the benefit of its workforce and adheres to regulations pertaining to share-based employee benefits.
The details regarding the granted options are as follows:
| Particulars | Detail |
|---|---|
| Options Granted | 5,508 (Five Thousand Five Hundred Eight) |
| Scheme Name | SKY GOLD ESOP 2024 |
| Total Shares Covered | 5,508 Equity Shares of face value Rs. 10/- each |
| Exercise Price | Rs. 10/- per option |
| Vesting Condition | Minimum one (1) year from the date of grant |
The terms of the ESOP stipulate that every exercised option will be converted into One Equity Share, which has a face value of Rs. 10/- each. A significant term noted in the scheme is the absence of a lock-in period for these options.
Details concerning the allocation and exercise conditions are consolidated below:
| Aspect | Details |
|---|---|
| Options Granted | 5,508 Options |
| Scheme Status | Yes (Complies with SEBI Share Based Employee Benefits Regulations) |
| Conversion Ratio | One option converts into one Equity Share |
| Exercise Price | Rs. 10/- per option |
| Vesting Timeline | Must vest after a minimum of one year from the grant date |
| Lock-in Period | Not applicable |
SKYGOLD Stock Price Movement
SKY GOLD AND DIAMONDS LIMITED's stock rallied sharply on Friday, settling at ₹719.40 after gaining 4.61% in trading activity. The equity achieved a remarkable high of ₹728.4 during the session and concluded the day with 2.03 million shares exchanged, marking strong momentum for the company.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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