Filatex India Limited — Important, 29-01-2025: Updates

The Nomination and Remuneration Committee of Filatex India Limited has approved the grant of 1,50,000 stock options to eligible employees of its wholly owned subsidiary, Texfil Private Limited, under the Filatex Employee Stock Option Scheme 2015. The options are priced at Rs. 46.61 each, based on the closing price at NSE before the grant date. Vesting is scheduled in three installments: 35% by October 30, 2026, 25% by October 30, 2027, and 40% by October 30, 2028. This move is aimed at incentivizing employees and aligning their interests with those of shareholders, potentially enhancing motivation and retention within the company.