Sky Gold & Diamonds Limited Approves ESOP Grant, Vesting Modification, and Equity Allotment

The Nomination and Remuneration Committee (NRC) of Sky Gold & Diamonds Limited approved three key actions on February 9, 2026. Firstly, a grant of 13,230 Stock Options under the 2024 ESOP Plan. Secondly, a modification to the vesting schedule for previously granted options in the same plan, which remains beneficial to the employee. Finally, the allotment of 10,000 fully paid-up equity shares upon the exercise of vested options, increasing paid-up capital to ₹1,54,87,38,840/-.

Key Decisions by the NRC on February 9, 2026

Sky Gold & Diamonds Limited announced that its Nomination and Remuneration Committee (NRC) held a meeting on February 9, 2026, where several resolutions concerning the Employee Stock Option Plan 2024 (“SKY GOLD – ESOP 2024”) were approved.

1. Grant of New Stock Options

The NRC sanctioned the grant of 13,230 Stock Options to eligible employees under the existing ESOP 2024 framework. These options carry an exercise price of Rs. 10/- per option. The terms dictate that the options are convertible into one equity share of face value Rs. 10/- each. The vesting schedule stipulates a minimum period of one year from the date of grant, with full vesting occurring within a maximum period of 5 years.

2. Modification of Vesting Schedule for Existing Options

A modification was approved for the vesting schedule of stock options already granted to an eligible employee under the SKY GOLD – ESOP 2024. This change applies only to the vesting timeline and does not alter the total number of options granted or the exercise price.

The update relates to a pool of 1,00,000 options previously announced. The Revised Vesting Schedule is detailed as follows:

• Year 1: 10% of options (Already vested and exercised)
• Year 2: 18% of options vest
• Year 3: 27% of options vest
• Year 4: 18% of options vest
• Year 5: 27% of options vest

This modification is stated to be beneficial to the employee and ensures compliance with the minimum one-year vesting period. Notably, 10,000 options falling under this scheme were already exercised, realizing Rs. 1,00,000/-.

3. Allotment of Equity Shares

The NRC also approved the issuance and allotment of 10,000 fully paid-up equity shares of face value Rs. 10/- each following the exercise of options by an eligible employee.

Impact on Share Capital

This allotment results in an increase in the company’s paid-up equity share capital:

The newly allotted shares will rank pari-passu with the existing equity shares of the Company in all respects, including dividends.

Source: BSE