Shalby Limited announced the exercise of stock options under its Employee Stock Options Scheme 2021, with an eligible employee exercising options for 1,000 shares on August 21, 2025. The Shalby Limited Employee Welfare Trust is in the process of transferring an equivalent number of equity shares with a face value of ₹10 each to the option grantee.
The company granted 48,000 options on July 12, 2023, to eligible employees under the scheme, which is governed by SEBI (SBEB & SE) Regulations, 2021. Each option allows the holder to acquire equity shares with a face value of ₹10. The exercise price is determined by the NRC Committee at ₹10 per option.
Of the granted options, 30,000 vested on July 12, 2025, and are exercisable within one year, i.e., until July 11, 2026. The current exercise involves 1,000 options out of the vested options, realizing ₹10,000 (₹10 per share), which will be directed to the Shalby Limited Employees Welfare Trust.
The exercise of these options will result in the issuance of 1,000 equity shares with a face value of ₹10 each. The company has clarified that the paid-up share capital will not change due to this exercise, as the shares are channelized through the secondary market.
Additionally, 18,000 options have lapsed out of the initially granted 48,000 options. The diluted earnings per share pursuant to the issue of equity shares on exercise of options is ₹0.71, based on the financials for the quarter ended June 30, 2025.
The scheme is administered by the Nomination and Remuneration Committee, with option grants based on eligibility criteria defined in the scheme. Vested options entitle the holder to acquire equity shares upon payment of the exercise price and applicable taxes, in accordance with the scheme's terms. Options vest after two years from the grant date and must be exercised within one year from the vesting date.
Upon exercise, the Shalby Limited Employees Welfare Trust will transfer the required number of equity shares to the option grantee.
The company has confirmed that there are no variations in the terms of the options.
The scheme is administered by the Nomination and Remuneration Committee, with option grants based on eligibility criteria defined in the scheme.
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