Sri Lotus Developers and Realty Ltd. Grants Employee Stock Options
Sri Lotus Developers and Realty Limited announced on Wednesday, April 1, 2026, that its Nomination and Remuneration Committee approved the grant of 12,06,500 stock options to eligible employees under the Sri Lotus Developers Employee Stock Option Scheme 2024.Each option is convertible into one fully paid-up equity share with a face value of Re. 1. The exercise price per option is set at Rs. 75. Options will begin vesting after a period of one year from the date of grant and may be exercised within five years from the vesting date.
According to details released, the scheme complies with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Shares arising from the exercise of options will rank pari-passu with existing equity shares.
Here's a summary of key details regarding the options granted:
| Particulars | Details |
|---|---|
| Options Granted | 12,06,500 |
| Compliance with Regulations | Yes (SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021) |
| Shares Covered | 12,06,500 |
| Exercise Price | Rs. 75 per Option |
| Vesting Start | One year from grant date |
| Exercise Period | 5 years from vesting date |
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