HOV Services Limited announced that the Nomination & Remuneration Committee of the Board of Directors granted 60,000 ESOPs to eligible employees on May 30, 2025, pursuant to the HOVS Stock Option Plan 2007.
Each stock option is convertible into one fully paid-up equity share of the Company.
The exercise price will be equal to the Market Price of the Shares as on the date of grant, as per the Plan.
The options can be exercised within five years from the date of vesting.
Shares arising from the exercise of vested options will not be subject to any lock-in period after such exercise.
The plan outlines how stock options will be handled in cases of death, permanent incapacity, resignation, and termination.