Avalon Technologies Grants 50,000 ESOPs to Employees

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26 Aug, 2025 12:21

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Avalon Technologies' Nomination and Remuneration Committee approved the grant of 50,000 Employee Stock Options (ESOPs) to eligible employees under the Avalon Employee Stock Option Plan – 2022 ('ESOP Plan') on Tuesday, August 05, 2025. The grant falls under the ‘ESOP Grant - Round IV’ and is within the shareholders approved limit of 30,00,000 options.

The company views equity-based compensation as key to aligning the objectives of individuals with those of the organization, rewarding employees for their contributions and incentivizing continued success. The Nomination and Remuneration Committee (NRC) will administer the plan.

The options have been granted at a price of ₹700, which represents a 20% discount on the last traded price of the company's shares on the National Stock Exchange of India Limited prior to the grant date.

The vesting schedule for the options is as follows:

• 34% of the options granted will vest upon completion of one year from the grant date.
• 33% of the options granted will vest upon completion of two years from the grant date.
• 33% of the options granted will vest upon completion of three years from the grant date.

The exercise period for these options will be a maximum of three years from the date of their respective vesting.

The total number of shares covered by these options is 50,000 equity shares, each with a face value of ₹2.

The grant of ESOPs is in compliance with the SEBI (SBEB) Regulations, 2021.