Action Construction Equipment Limited has announced the grant of 56,790 employee stock options under its Employees Stock Option Scheme – 2021. The Nomination and Remuneration Committee passed the resolution for this grant on 20th May 2026. These options are convertible into an equal number of equity shares, each with a face value of ₹2.
The scheme aligns with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The exercise price for each option has been set at ₹870. The grant date for these options is effective from 1st June 2026.
The vesting of these options will occur over a period of three years. Specifically, 33.33% of the options will vest at the end of the first year, another 33.33% at the end of the second year, and the remaining 33.33% at the end of the third year from the grant date. Once vested, the options can be exercised within two years from the respective vesting dates.
The scheme is administered by the Nomination and Remuneration Committee, and the grant of options is based on eligibility criteria specified in the scheme and the grant letter. The options, once vested, will allow the holder to acquire an equal number of equity shares upon payment of the exercise price and applicable taxes.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).