Sky Gold and Diamonds Grants 38,839 Stock Options to Employees Under ESOP 2024
Sky Gold and Diamonds Limited's Nomination and Remuneration Committee approved the grant of 38,839 stock options to eligible employees under the SKY Gold – ESOP 2024 scheme on May 5, 2026. Each option carries an exercise price of Rs. 10/- and is convertible into one equity share of face value Rs. 10/- each, with a minimum vesting period of one year from the date of grant. No lock-in period is applicable, and the scheme is administered by the NRC in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The disclosure was made pursuant to Regulation 30 of SEBI LODR Regulations, 2015.
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Sky Gold and Diamonds Limited has announced the grant of 38,839 stock options to eligible employees under its Employee Stock Option Plan 2024 (SKY Gold – ESOP 2024). The Nomination and Remuneration Committee (NRC) of the company approved this grant at its meeting held on May 5, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The NRC meeting commenced at 05:45 PM IST and concluded at 06:00 PM IST.
Key Details of the ESOP Grant
The grant has been made in compliance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The following table summarises the key parameters of the stock option grant as disclosed by the company:
| Parameter: | Details |
|---|---|
| Number of Options Granted: | 38,839 |
| Scheme Name: | SKY Gold – ESOP 2024 |
| Total Equity Shares Covered: | 38,839 equity shares |
| Face Value per Share: | Rs. 10/- each |
| Exercise Price per Option: | Rs. 10/- |
| Minimum Vesting Period: | One (1) year from the date of grant |
| Conversion Ratio: | 1 option = 1 equity share |
| Lock-in Period: | Not applicable |
| Scheme Administration: | Nomination and Remuneration Committee |
| Compliance: | SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 |
Scheme Terms and Conditions
Under the terms of the SKY Gold – ESOP 2024 scheme, each option, when exercised, will be converted into one equity share of face value Rs. 10/- each. The options granted shall vest after a minimum period of one year from the date of grant, subject to the terms of the plan. Vesting will occur within the vesting period in the manner set forth under the scheme.
Key highlights of the scheme terms include:
- Each stock option is convertible into one equity share of face value Rs. 10/- each upon exercise.
- No lock-in period is applicable on shares arising from the exercise of options.
- The scheme is administered by the Nomination and Remuneration Committee of the company.
- Options exercised, money realised, shares arising from exercise, options lapsed, and diluted earnings per share are not applicable at this stage.
Regulatory Disclosure
The disclosure has been made under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in accordance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The intimation was submitted to BSE Limited and the National Stock Exchange of India Limited. The outcome of the NRC meeting has also been made available on the company's website at www.skygold.co.in . The disclosure was signed by Mangesh Chauhan, Managing Director of Sky Gold and Diamonds Limited, from Navi Mumbai.
Historical Stock Returns for Sky Gold And Diamonds
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.77% | +8.40% | +37.67% | +42.48% | +66.43% | +2,110.09% |
How might the exercise of these 38,839 stock options at the deeply discounted price of Rs. 10 impact Sky Gold's earnings per share and shareholder dilution once the one-year vesting period concludes?
Could this ESOP grant signal Sky Gold's plans for talent retention ahead of a potential business expansion or new product line launch in the competitive jewellery market?
Given the absence of a lock-in period on exercised shares, how could a potential mass sell-off by employees post-vesting affect Sky Gold's stock price and market liquidity?
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