November 21, 2022 | |
Ref. No.: AIL/SE/74/2022-23-Revised | |
To, | |
BSE Limited | National Stock Exchange of India Limited |
Phiroze Jeejeebhoy Towers, | Exchange Plaza, |
Dalal Street, Fort, | Bandra Kurla Complex, Bandra (E), |
Mumbai-400001, MH. | Mumbai-400051, MH. |
Scrip Code: 543534 | Symbol: AETHER |
Dear Madam / Sir, |
Subject: Intimation for Grant of Stock Options under 'Aether Industries Limited Employee Stock Option Scheme 2021'
In accordance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, the Nomination and Remuneration Committee of the Company on November 20, 2022 has approved the grant of 40,564 Stock Options, having Face Value of Rs. 10 each pursuant to 'Aether Industries Limited Employee Stock Option Scheme 2021' (herein referred as AIL ESOS 2021) to eligible employees, upon exercise of Options.
This communication is in continuation with earlier submitted communication vide Ref. No.: AIL/SE/74/2022-23 dated 20.11.2022 with rectification.
Details of the options granted is annexed herewith.
We request you to kindly take the information on your records.
Thank you.
For Aether Industries Limited
Chitrarth Rajan Parghi
Company Secretary & Compliance Officer
Encl.: As attached
Page 1 of 4
Aether Industries Limited
Registered Office: Plot No. 8203, GIDC Sachin, Surat-394230, Gujarat, India.
Phone: +91-261-6603000 || Email: info@aether.co.in || Web: www.aether.co.in II CIN: L24100GJ2013PLC073434
Factory: Plot No. 8203, Beside Shakti Distillery, Near Rajkamal Chokdi, Road No. 8, Sachin GIDC, Sachin, Surat-394230, Gujarat, India.
Annexure
Details of Stock Options granted under
'Aether Industries Limited Employee Stock Option Scheme 2021'
1. Brief details of Options granted: | |
Stock Options granted under Trench-2: | 12,461 |
Stock Options granted under Trench-3: | 24,922 |
Stock Options granted under Trench-4: | 3,181 |
Total Stock Options granted: | 40,564 |
2. Whether the Scheme is in terms of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 (if applicable):
Yes
-
Pricing Formula / Exercise Price:
For the Stock Options granted under Trench-2 and Trench-3: Rs. 321/- Above amount is fixed as part of terms of employment for 3 Grantees.
For the Stock Options granted under Trench-4: Rs. 503/-
Above amount is fixed vide considering the closing price of Rs. 985.35 on BSE India Limited dated November 18, 2022, at a discount of 49% to 1 Grantee. - Total Number of Shares covered:
Total 40,564 Stock Options are covered herein. - Total Options vested: Trench-2 (1 Grantee):
Sl. No. | Date of vesting | % of vesting |
1. | 20.11.2023 | 33.33% of the options granted |
2. | 20.11.2024 | 33.33% of the options granted |
3. | 20.11.2025 | 33.34% of the options granted |
Page 2 of 4
Aether Industries Limited
Registered Office: Plot No. 8203, GIDC Sachin, Surat-394230, Gujarat, India.
Phone: +91-261-6603000 || Email: info@aether.co.in || Web: www.aether.co.in II CIN: L24100GJ2013PLC073434
Factory: Plot No. 8203, Beside Shakti Distillery, Near Rajkamal Chokdi, Road No. 8, Sachin GIDC, Sachin, Surat-394230, Gujarat, India.
Trench-3 (2 Grantees):
Sl. No. | Date of vesting | % of vesting |
1. | 20.11.2023 | 25.00% of the options granted |
2. | 20.11.2024 | 25.00% of the options granted |
3. | 20.11.2025 | 25.00% of the options granted |
4. | 20.11.2026 | 25.00% of the options granted |
Trench-4 (1 Grantee): | ||
Sl. No. | Date of vesting | % of vesting |
1. | 20.11.2024 | 15.00% of the options granted |
2. | 20.11.2025 | 15.00% of the options granted |
3. | 20.11.2026 | 15.00% of the options granted |
4. | 20.11.2027 | 15.00% of the options granted |
5. | 20.11.2028 | 15.00% of the options granted |
6. | 20.11.2029 | 15.00% of the options granted |
7. | 20.11.2030 | 10.00% of the options granted |
- Time within which the Option may be exercised: Trench-2: Within 3 years from first vesting Trench-3: Within 4 years from first vesting Trench-4: Within 7 years from first vesting
- Options exercised / Money realized by exercise of Options / Total Number of Shares arising as a result of exercise of Options / Options lapsed / Variation in terms of Options:
None - Brief details of significant terms:
Terms of the above Grants are finalized by the Nomination & Remuneration Committee in-line with the current Scheme.
Page 3 of 4
Aether Industries Limited
Registered Office: Plot No. 8203, GIDC Sachin, Surat-394230, Gujarat, India.
Phone: +91-261-6603000 || Email: info@aether.co.in || Web: www.aether.co.in II CIN: L24100GJ2013PLC073434
Factory: Plot No. 8203, Beside Shakti Distillery, Near Rajkamal Chokdi, Road No. 8, Sachin GIDC, Sachin, Surat-394230, Gujarat, India.
9. Subsequent changes / cancellation / exercise of such options: None
10. Diluted earning per share pursuant to issue of Equity Shares on exercise of Options: Options are yet to be exercised.
Page 4 of 4
Aether Industries Limited
Registered Office: Plot No. 8203, GIDC Sachin, Surat-394230, Gujarat, India.
Phone: +91-261-6603000 || Email: info@aether.co.in || Web: www.aether.co.in II CIN: L24100GJ2013PLC073434
Factory: Plot No. 8203, Beside Shakti Distillery, Near Rajkamal Chokdi, Road No. 8, Sachin GIDC, Sachin, Surat-394230, Gujarat, India.
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Disclaimer
Aether Industries Ltd. published this content on 21 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 November 2022 08:28:03 UTC.