Sky Gold & Diamonds Limited has announced the approval of 5,508 stock options for its eligible employees. This grant is made under the ‘SKY GOLD – ESOP 2024’ plan, as approved by the Nomination and Remuneration Committee. The options represent convertible equity shares with a face value of ₹10 each, with an exercise price also set at ₹10 per option. The grant is effective as of August 9, 2026.
Employee Stock Option Grant Approved
Sky Gold & Diamonds Limited (formerly Sky Gold Limited) has officially announced the approval of stock options for its employees. The company’s Nomination and Remuneration Committee, in a meeting held on August 9, 2026, sanctioned the grant of 5,508 stock options. These options are part of the ‘SKY GOLD – ESOP 2024’ employee stock option plan.
Details of the ESOP Grant
The approved stock options are convertible into equity shares of the company. Specifically, 5,508 equity shares, each with a face value of ₹10, are covered by these options. The exercise price for each option has been set at ₹10. The grant is aligned with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Vesting and Terms
According to the terms of the ‘SKY Gold – ESOP 2024’ Scheme, the granted options will vest after a minimum period of one year from the date of grant. The vesting schedule will follow the plan’s stipulations. Each exercised option will convert into one equity share of ₹10 face value. The administration of this scheme is overseen by the Nomination and Remuneration Committee.
Source: BSE
