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Godrej Properties announces ESOP grants, stock option lapse

May 2, 2025 at 07:08 PM UTCBy FilingReader AI

** Godrej Properties (BSE: GODREJPROP) today announced the grant of 24,829 stock options to eligible employees under the Godrej Properties Limited Employee Stock Grant Scheme 2011 (GPL ESGS). The Nomination and Remuneration Committee approved the grants at its meeting held on May 2, 2025. The exercise price for each option is set at INR5. Each option entitles the holder to one equity share with a face value of INR5. The options vest over three years and are exercisable within one month from the vesting date, or as otherwise determined by the Committee. In a related announcement, the company noted the lapse of 2,726 stock grants previously issued under the GPL ESGS to an eligible employee; the lapse means the employee no longer has any claim to those stock grants. The Committee's meeting, which covered both these matters, commenced at 9:30 a.m. and concluded at 10:40 a.m.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

BSE:GODREJPROPBombay Stock Exchange

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