Crest Ventures transfers 2,000 shares under ESOP 2022
Crest Ventures Limited transferred 2,000 equity shares to eligible employees upon the exercise of options under the Crest - Employees Stock Option Plan 2022. The transfer was approved by the Nomination and Remuneration Committee on May 21, 2026, involving shares with a face value of ₹10 each. The exercise of 2,000 options from ESOP Grant II realized ₹4,00,000 for the Crest – Employee Welfare Trust, with no change in the company's paid-up equity share capital.
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Crest Ventures Limited has transferred 2,000 equity shares to eligible employees upon the exercise of options granted under the Crest - Employees Stock Option Plan 2022. The transfer was approved by the company's Nomination and Remuneration Committee during a meeting held on May 21, 2026. The shares, which have a face value of ₹10 each, were transferred from the Crest - Employee Welfare Trust to the employees. The company confirmed that there is no change in the paid-up equity share capital subsequent to this transfer.
Details of the ESOP Scheme
The scheme is compliant with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. A total of 2,53,000 options were granted to eligible employees under two distinct grants. The first grant, ESOP Grant I, accounted for 70,000 options, while the second, ESOP Grant II, accounted for 1,83,000 options. The options were granted at an exercise price of ₹200 per stock option.
Exercise and Financials
As per the disclosure, 66,000 options under ESOP Grant II had vested as of the date of the report. In the current event, 2,000 of these options were exercised. The exercise of these options resulted in the realization of ₹4,00,000 by the Crest – Employee Welfare Trust. Consequently, 2,000 fully paid-up equity shares were transferred to the employees.
The equity shares transferred under this scheme will remain under lock-in for a period of 12 months from the date of credit of such shares. No options lapsed during this period, and there were no variations in the terms of the options. The company noted that the diluted earnings per share pursuant to the issue of equity shares on the exercise of options is not applicable.
| Particulars | Details |
|---|---|
| Total Options Granted | 2,53,000 |
| ESOP Grant I | 70,000 |
| ESOP Grant II | 1,83,000 |
| Options Vested (ESOP Grant II) | 66,000 |
| Options Exercised | 2,000 |
| Exercise Price per Share | ₹200 |
| Total Money Realized | ₹4,00,000 |
| Face Value of Shares | ₹10 |
| Lock-in Period | 12 months |
Historical Stock Returns for Crest Ventures
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.33% | -3.92% | -4.81% | -4.95% | -13.84% | +236.15% |
With 64,000 vested but unexercised options remaining under ESOP Grant II, what timeline can investors expect for further option exercises and their potential impact on share supply?
How might the 12-month lock-in period on transferred shares influence Crest Ventures' stock liquidity and price stability once the lock-in expires?
Given that ESOP Grant I options have yet to show vesting disclosures, when are those 70,000 options expected to vest and what could their eventual exercise mean for employee retention strategy?
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