Mega Corporation Limited has announced the approval of the grant of 1,00,00,000 Employee Stock Options (ESOPs). These options are convertible into an equal number of equity shares, each with a face value of Rs. 1. The grant, made under the Mega Corporation Limited Employee Stock Option Scheme – 2025, was approved by the Nomination and Remuneration Committee on August 12, 2026.
ESOP Grant Approved
Mega Corporation Limited has received approval for the grant of a substantial number of employee stock options. The Nomination and Remuneration Committee met on August 12, 2026, and approved the proposal to grant 1,00,00,000 (One Crore) Employee Stock Options (“Options”). These options are part of the company’s incentive program designed to align employee interests with shareholder value.
Scheme Details
The approved options are governed by the Mega Corporation Limited Employee Stock Option Scheme – 2025 (“Scheme”). Each option granted is convertible into one equity share of the company, with a face value of Rs. 1/- each. The grant date is specified as August 12, 2026.
Vesting and Exercise
According to the scheme’s terms, options will commence vesting after a period of 1 year from the Grant Date and may extend up to a maximum of 4 years. Once vested, the options can be exercised by the eligible employees within a maximum of 10 years from the respective vesting date. The exercise price for these options has been set at Rs. 1/- (Rupees One only) per Option.
Potential Share Issuance
Upon full vesting and exercise of all granted options, a total of 1,00,00,000 (One Crore) Equity Shares of face value Rs. 1/- each will be issued by the company. This issuance is subject to the applicable terms and conditions of the scheme, including payment of the exercise price, applicable taxes, and other charges.
Source: BSE
