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Godrej Properties informs about update on GPL ESOP

06 Feb 2024 Evaluate
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, Godrej Properties has informed that the Nomination and Remuneration Committee of the Board of Directors of the Company has today i.e., February 06, 2024, approved the following: Issue of Fresh Stock grants under GPL ESGS - The Nomination and Remuneration Committee of the Board of Directors of the Company has approved grant of 71 stock options to an eligible employee of the Company under the Godrej Properties Limited Employee Stock Grant Scheme, 2011 (GPL ESGS), subject to the provisions of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, as amended from time to time at an exercise price of Rs 5 per option. Each stock option entitles the holder to apply for 1 Equity Share of the Company of Face Value of Rs 5 each. The options shall vest over a period of 3 years and are exercisable within 1 month from the date of vesting or such other period as may be determined by the Nomination and Remuneration Committee; Noting of lapse of Stock Grants under GPL ESGS - The Nomination & Remuneration Committee of the Board of Directors has taken note of lapse of 3208 (Three Thousand Two Hundred and Eight) stock grants issued under the Godrej Properties Limited Employee Stock Grant Scheme, 2011 (GPL ESGS) to eligible employees. Consequent to lapse of the stock grants, the said employees shall have no right to claim any part of it. The Committee meeting commenced at 09:30 am and concluded at 10:15 am.

The above information is a part of company’s filings submitted to BSE.

Godrej Properties Share Price

1805.05 46.15 (2.62%)
21-Apr-2026 16:59 View Price Chart
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