Astec LifeSciences has announced the grant of 1,142 stock options to an eligible grantee under its Employees Stock Option Plan, 2012 (ESOP 2012). The decision was approved by the Nomination and Remuneration Committee of the Board of Directors.
The options have been granted at an exercise price of ₹10 per option. Each option entitles the holder to apply for one equity share of the company with a face value of ₹10 each. The stock options are set to vest over a period of three years and can be exercised within one month from the date of vesting, or within a period determined by the Nomination and Remuneration Committee.
This initiative aligns with the company’s commitment to rewarding its employees and enhancing their stake in the organisation’s growth. The details of the grant have been made available on Astec LifeSciences‘ official website.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).