Shalby Limited — Important, 28-11-2024: Updates

Pursuant to Shalby Limited’s Employees Stock Option Scheme – 2021, an eligible employee has exercised 1,000 options. The Employee Welfare Trust is in the process of transferring an equivalent number of equity shares, maintaining the company’s paid-up capital, as these shares are sourced from the secondary market.

The total options granted under the scheme were 95,500, with an exercise price set at ₹10 per option. As of now, 58,500 options have vested, and 57,500 of these had already been exercised earlier this financial year. The total amount realized from this exercise is ₹10,000.

Following this transaction, the balance shares available with the Trust will be 5,22,765. The earnings per share will see a nominal impact, estimated at ₹0.22 based on consolidated financials for the previous quarter. This move reflects Shalby's strategy to incentivize employee performance while keeping capital structure unaffected. Investors may view this as a positive indicator of employee engagement and retention.