Shadowfax Technologies Grants 1,00,000 Stock Options Under ESOP 2016
Shadowfax Technologies granted 1,00,000 stock options under its ESOP 2016 plan. The exercise price is ₹10 per option, effective September 1, 2026. Options vest after 12 months and can be exercised within five years of vesting.
The grant of employee stock options is a common practice and typically has a limited immediate impact on the company's stock price or overall market valuation, unless the number of options granted is exceptionally large relative to the outstanding shares.
The announcement is a routine grant of employee stock options, which is a standard corporate practice and does not inherently indicate a positive or negative shift in the company's financial performance or outlook.
Shadowfax Technologies Limited has announced the grant of 1,00,000 Stock Options to eligible employees under the "Shadowfax Technologies Limited - Employee Stock Option Plan 2016" (SFX ESOP 2016). The Nomination and Remuneration Committee of the Board of Directors approved this grant.
The stock options will have an exercise price of ₹10 per option and will be effective from September 01, 2026. Each option is convertible into one fully paid-up equity share of face value ₹10.
The options will vest after a minimum period of 12 months from the grant date, based on time and/or performance criteria, subject to continued employment. Vested options can be exercised within five years from the date of vesting. The company has confirmed that the scheme is in accordance with SEBI (Share Based Employee Benefits and Share Valuation) Regulations, 2021.
A plain-language summary of a public exchange filing by Shadowfax Technologies Limited. Read the original for the full detail.