Lemon Tree Hotels grants 99.16 Lakh SAR Units under 2024 Scheme
Lemon Tree Hotels has approved the grant of 99,16,000 SAR Units to eligible employees under the LTHL Stock Appreciation Rights Scheme – 2024. The SAR Price is set at ₹129.37. Vesting begins after two years, with exercise possible within one year of vesting.
The grant of SAR units is a routine corporate action related to employee compensation and stock options. While it represents a potential future dilution, its immediate impact on the company's operations or financial performance is typically low.
The announcement pertains to the grant of stock appreciation rights units to employees, which is a standard part of executive compensation and does not inherently indicate a positive or negative financial development for the company.
Lemon Tree Hotels Limited announced on February 06, 2026, that its Nomination and Remuneration Committee has approved the grant of 99,16,000 (Ninety-Nine Lakhs Sixteen Thousand) Stock Appreciation Rights Units (SAR Units) under the LTHL Stock Appreciation Rights Scheme – 2024. These SAR Units are granted to eligible employees. The scheme is in compliance with SEBI (SBEB & SE) Regulations, 2021.
The calculation for the number of shares to be issued upon exercise is based on the appreciation per SAR, the number of SAR units exercised, and the market price on the date of exercise. The SAR Price is determined as the closing price on the stock exchange with higher trading volume on the day preceding the grant date, which was ₹129.37 per SAR Unit. The vesting period commences after a minimum of two years from the grant date and can extend up to a maximum of eight years from the scheme's effective date, subject to milestone achievement. Vested SAR Units can be exercised within one year from the vesting date. The scheme is administered by the Nomination and Remuneration Committee and will be settled by the company through the allotment of shares.
What to do with a filing like this
Lemon Tree Hotels Limited filed this with the NSE as a statutory disclosure, categorised under other company updates. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Lemon Tree Hotels Limited. Read the original for the full detail.