Ion Exchange India Ltd

📈 Ion Exchange India Proposes New ESOP Scheme for Employees

• Up to 1,700,000 employee stock options proposed, each convertible into one equity share of ₹1 face value.

• Options available for employees of the company and its subsidiaries, excluding promoters, promoter group, independent directors, and directors holding over 10% equity.

• A trust named 'Ion Exchange ESOP Trust' will be established to manage secondary acquisition and administration of the ESOP.

• Company to provide loan or guarantee up to 5% of its paid-up capital and free reserves to the trust for secondary market share purchases.

• Vesting period ranges from a minimum of 1 year to a maximum of 4 years from grant.

• Exercise period extends up to 4 years after vesting.

• Exercise price per option at a discount of up to 15% on market price at grant date, but not less than ₹1 per share.