Milky Mist Dairy Food Board Approves ESOP 2025 Modifications and Ratification
Milky Mist Dairy Food's Board approved modifications to the ESOP 2025 vesting schedule and ratified the scheme. The plan involves 16,64,836 equity shares. Shareholder approval via postal ballot is required. Vesting periods range from one to four years.
The modification of an employee stock option plan is an internal corporate governance matter and typically has a minimal direct impact on the company's stock price or overall financial performance in the short term.
The announcement pertains to internal employee stock options and their modifications, which is a routine corporate action. It does not immediately impact financial performance or market standing.
Milky Mist Dairy Food Limited announced on August 31, 2026, that its Board of Directors has approved proposals related to its Employee Stock Option Scheme 2025 (ESOP 2025).
These proposals, which are subject to shareholder approval via postal ballot, include modifications to the vesting schedule for employee stock options originally granted on July 18, 2025, and the ratification of the ESOP 2025 itself. The board meeting commenced at 3:40 PM and concluded at 4:30 PM.
The ESOP 2025 plan allows for the issuance of 16,64,836 equity shares of face value ₹2 each. The scheme is designed to benefit eligible employees and directors of the company and its subsidiaries. As of the announcement, 3,29,576 options had vested, with 48,174 options lapsed. The scheme will be administered by the Nomination and Remuneration Committee (NRC), with vesting periods ranging from one to four years from the grant date.
A plain-language summary of a public exchange filing by Milky Mist Dairy Food Limited. Read the original for the full detail.