IGI grants 209,938 stock options to employees
International Gemological Institute Limited granted 209,938 stock options to eligible employees under its IGI Employee Stock Option Plan 2024, following approval by the Nomination and Remuneration Committee on May 20, 2026. The options are exercisable into fully paid-up equity shares with a face value of ₹2, with the pricing formula determined by the committee. The scheme is compliant with SEBI regulations, and specific terms are detailed in the grant letters.
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International Gemological Institute Limited has granted 209,938 stock options to eligible employees under its IGI Employee Stock Option Plan 2024. The decision was approved by the company's Nomination and Remuneration Committee during its meeting held on May 20, 2026.
The options granted are exercisable into not more than 209,938 fully paid-up equity shares. Each equity share carries a face value of ₹2. The pricing formula for these options was determined by the Nomination and Remuneration Committee and is in line with the IGI ESOP Plan 2024.
Details of the Grant
The scheme is compliant with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The specific terms regarding the time within which the options may be exercised are detailed in the grant letters issued to the employees and as per the IGI ESOP Plan 2024.
Key Metrics
| Particulars | Details |
|---|---|
| Options Granted | 209,938 |
| Shares Covered | 209,938 equity shares |
| Face Value | ₹2 per share |
| Pricing Formula | As determined by NRC |
The company stated that significant terms of the options are mentioned in the respective grant letters. Information regarding the exercise of options, money realized, and diluted earnings per share is not applicable at this stage.
How might the vesting schedule and exercise price of these 209,938 options impact employee retention and talent acquisition at IGI India in a competitive gemological services market?
Given IGI's recent public listing, how could the potential dilution from this ESOP grant affect existing shareholders' equity and the company's earnings per share over the next few years?
Will IGI India announce additional ESOP tranches in the near future, and how large could the total employee stock option pool grow relative to the company's overall equity base?
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