Prudent Corporate grants over 130,000 employee stock options
Prudent Corporate Advisory Services Ltd. has approved the grant of 130,945 employee stock options under its "Prudent - Employee Stock Option Scheme 2025." These options, each with a face value of ₹5, will be issued to eligible employees of Prudent Corporate Advisory Services Limited (112,075 options) and its wholly-owned subsidiary, Gennext Insurance Brokers Private Limited (18,870 options).
The grant price for these options is set at ₹2,632 per option, based on the closing price of the company's equity shares on the National Stock Exchange of India Limited as of October 6, 2025. This decision, made by the nomination and remuneration committee on October 7, 2025, follows shareholder and regulatory approvals.
The scheme mandates a minimum vesting period of one year for the granted options. The exercise period will not exceed four years from the respective vesting date, and shares acquired through exercise will be freely transferable.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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