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Aether Industries Limited — Director's Dealing 2022
Nov 20, 2022
59487_rns_2022-11-20_34fd0674-540d-43b3-bb24-f859b9574015.pdf
Director's Dealing
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November 20, 2022
Ref. No.: AIL/SE/74/2022-23
To,
BSE Limited
Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai-400001, MH. Scrip Code: 543534
National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai-400051, MH.
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 42,716 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.
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
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Chitrarth Rajan Parghi Company Secretary & Compliance Officer
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Encl.: As attached
CHITRARTH Digitally signed by CHITRARTH RAJAN RAJAN PARGHI Date: 2022.11.20 PARGHI 15:29:14 +05'30'
Page 1 of 4
Aether Industries Limited
Registered Office: Plot No. 8203, GIDC Sachin, Surat-394230, Gujarat, India. Phone: +91-261-6603000 || Email: [email protected] || 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
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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: Stock Options granted under Trench-3: Stock Options granted under Trench-4: Total Stock Options granted: |
12,461 24,922 5,333 42,716 |
|---|---|
2. Whether the Scheme is in terms of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 (if applicable):
Yes
3. 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.
4. Total Number of Shares covered:
Total 42,716 Stock Options are covered herein.
5. 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: [email protected] || 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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Trench-3 (2 Grantees):
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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
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Trench-4 (1 Grantee):
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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
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6. 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
7. 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
8. 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: [email protected] || 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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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: [email protected] || 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.