News Earnings Alicon Castalloy Board Approves Q3FY26 Financial Results and Employee Stock Option Scheme 2026Alicon Castalloy Board Approves Q3FY26 Financial Results and Employee Stock Option Scheme 2026
Alicon Castalloy Limited's board meeting on February 13, 2026, resulted in the approval of unaudited Q3FY26 financial results for the quarter ended December 31, 2026, covering both standalone and consolidated statements with unmodified auditor opinion. The board also approved Employee Stock Option Scheme 2026, granting 3,00,000 options to eligible employees with maximum 25% discount pricing and 5-year exercise period from vesting date. The scheme requires shareholder approval and complies with SEBI regulations, demonstrating the company's focus on employee incentivization and regulatory compliance.
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Alicon Castalloy Limited's Board of Directors held a comprehensive meeting on February 13, 2026, addressing key financial and strategic matters. The board session, which commenced at 11:00 AM and concluded at 3:00 PM, focused on quarterly financial results approval and the introduction of an employee incentive scheme.
Financial Results Approval
The board considered and approved the unaudited financial results for the third quarter ended December 31, 2026. The approval covered both standalone and consolidated financial statements, ensuring comprehensive disclosure of the company's financial performance. The results were accompanied by auditors' limited review report, which provided an unmodified opinion, indicating no significant concerns regarding the financial statements' accuracy and compliance.
Employee Stock Option Scheme 2026
A significant development from the board meeting was the approval of the Employee Stock Option Scheme 2026. This scheme, recommended by the Nomination and Remuneration Committee, requires shareholder approval before implementation. The initiative demonstrates the company's commitment to employee retention and motivation through equity participation.
ESOP Scheme Details
The comprehensive details of the Employee Stock Option Scheme 2026 are structured as follows:
| Parameter: | Details |
|---|---|
| Options Granted: | 3,00,000 options to eligible employees |
| Beneficiaries: | Company and subsidiary employees |
| SEBI Compliance: | Yes, adheres to SEBI (SBEB) Regulations, 2021 |
| Pricing Formula: | Maximum 25% discount |
| Exercise Period: | 5 years from vesting date |
| Current Status: | Options yet to be granted |
Scheme Implementation Status
Currently, the scheme remains in its initial phase with several parameters showing nil values:
- Options Vested: Nil
- Options Exercised: Nil
- Money Realized: Nil
- Shares Arising from Exercise: Nil
- Options Lapsed: Nil
The scheme's structure allows for future expansion and modification as business requirements evolve, though no variations or cancellations are currently applicable.
Regulatory Compliance
The board meeting outcomes were disclosed in accordance with Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled its obligation to inform both BSE Limited (Scrip Code: 531147) and National Stock Exchange of India Limited (Scrip Symbol: ALICON) about these significant corporate developments.
The documentation was signed by Vimal Gupta, Group Chief Financial Officer, ensuring proper authorization and compliance with regulatory requirements. The comprehensive disclosure reflects the company's commitment to transparency and adherence to listing obligations.
Historical Stock Returns for Alicon Castalloy
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.54% | +6.74% | +1.31% | -3.12% | -10.53% | +91.58% |
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