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DOMS Grants 137,690 Stock Options under ESOP 2023 at ₹250 Exercise Price
DOMS Industries has approved the grant of 137,690 additional stock options to eligible employees under its ESOP 2023 plan. The options carry a fixed exercise price of ₹250 per share, which is likely a significant discount to the market price, serving as a retention tool. Notably, the vesting period is long-term, ranging from five to ten years, ensuring employees remain committed to the company's decade-long growth. The exercise period is relatively short at six months from the date of each vesting.
Key Highlights
Grant of 137,690 stock options to eligible employees of the Company and its subsidiaries.
Exercise price fixed at ₹250 per equity share (Face Value ₹10).
Vesting period set between a minimum of 5 years and a maximum of 10 years from the grant date.
Exercise period is 6 months from the date of respective vesting.
💼 Action for Investors
No immediate action is required as the dilution from 1.37 lakh shares is minimal. The long vesting schedule is a positive indicator of management's focus on long-term talent retention.