Orient Bell Limited — Others, 22-11-2024: Options to purchase securities

The Compensation Committee of Orient Bell Limited has approved the grant of 5,000 Employee Stock Options (ESOPs) under the Employee Stock Option Scheme, 2021. Each option is convertible into one equity share at an exercise price of ₹10. The options will vest after one year and can be exercised up to five years thereafter, with specific terms set by the Compensation Committee. This move may enhance employee retention and align their interests with those of shareholders, potentially promoting a positive outlook among investors as the company continues to focus on strategic growth initiatives.