Action Construction Equipment Limited has announced the approval of a new grant under its Employees Stock Option Scheme – 2021. The Nomination and Remuneration Committee authorized the issuance of 56,790 options to eligible employees. These options are convertible into an equal number of equity shares with a face value of Rs. 2 each, reflecting the company’s ongoing commitment to employee incentivization and retention strategies.
Grant Details and Pricing
Following a resolution passed on May 20, 2026, the company has officially moved to grant 56,790 options to its workforce. Under the terms of the scheme, each option is convertible into one equity share. The exercise price for these options has been set at Rs. 870 per share, providing a clear structure for eligible staff to participate in the company’s equity growth.
Vesting and Exercise Schedule
The granted options will vest over a period of 3 years, beginning from the grant date of June 1, 2026. The vesting schedule is structured to occur in three equal tranches, with 33.33% of the options vesting at the end of the first, second, and third years respectively.
Once vested, employees have a window of 2 years to exercise their options. This phased approach ensures alignment between the long-term performance of the company and employee benefits, incentivizing sustained dedication to the organization’s goals.
Source: BSE
