Shaily Engineering Plastics has announced the grant of 3,000 stock options to its eligible employees. This move, approved by the company’s Nomination and Remuneration Committee on May 19, 2026, is part of the ongoing Employee Stock Option Plan 2019. The initiative aims to align employee incentives with company growth through a structured vesting schedule spanning three years.
Stock Option Grant Details
In a recent development, the company has officially approved the grant of 3,000 equity shares, each with a face value of Rs. 2. These options have been allocated to eligible employees to further strengthen organizational alignment and reward long-term performance under the Employee Stock Option Plan 2019.
Vesting and Exercise Terms
The grant follows a systematic vesting schedule designed to encourage long-term retention. The options will vest in three equal tranches:
- 1/3rd after the completion of one year from the grant date.
- 1/3rd after the completion of two years from the grant date.
- 1/3rd after the completion of three years from the grant date.
Once vested, employees have a window of 4 years to exercise their options. The pricing for these shares will be determined based on the market price as of the respective vesting dates.
Impact of Share Sub-Division
The company noted that the current grant structure accounts for the previous sub-division of equity shares completed in November 2023, where the nominal value was adjusted from Rs. 10 to Rs. 2. The current allocation remains consistent with the board’s objective to reward staff while maintaining equity dilution standards established in the original 2019 plan.
Source: BSE
