Shyam Metalics and Energy Limited announced the grant of 11,000 stock options to 1 eligible employee under the “SMEL Employee Stock Incentive Plan – 2023”. Each option entitles the holder to one equity share of ₹10 face value. The grant was approved by the Nomination and Remuneration Committee on September 5, 2026. The exercise price is set at ₹798.98, a 25% discount on the market price as of September 4, 2026.
Employee Stock Option Grant Approved
Shyam Metalics and Energy Limited has officially granted 11,000 stock options to an eligible employee. This grant is part of the “SMEL Employee Stock Incentive Plan – 2023” (ESIP – 2023), specifically under the “SMEL Performance ESOP Scheme” (ESOP – 2023). The decision was made by the Nomination and Remuneration Committee of the Board of Directors during its meeting held on September 5, 2026.
Option Details and Exercise Price
Each granted stock option provides the holder the right to apply for one equity share of the company, each with a face value of ₹10. The exercise price for these options has been set at ₹798.98 per share. This price represents a 25% discount on the market price, which was the latest available closing price on the National Stock Exchange of India Limited on September 4, 2026, the previous trading day.
Vesting and Exercise Period
The stock options will vest over a period of four years. Specifically, 20% of the options will vest on the first anniversary of the grant date, followed by 23% on the second and third anniversaries, and the remaining 34% on the fourth anniversary. The exercise period will commence from the date of vesting and will expire four years from the respective vesting date.
Source: BSE
