Shalby Limited Employees Exercise Stock Options, No Change in Paid-Up Capital

Shalby Limited (SHALBY), a prominent healthcare provider, announced on July 16th, 2024, that eligible employees have exercised 2,000 stock options under the company's Employee Stock Options Scheme – 2021. The company's Employee Welfare Trust will facilitate the transfer of an equivalent number of equity shares with a face value of ₹10 each to the option grantees.

Key Points:

• Options Exercised: 2,000
• Total Options Granted (2022): 20,000
• Vested Options (July 12, 2024): 8,000
• Lapsed Options: 12,000
• Exercise Price: ₹10 per option
• Money Realized by Trust: ₹20,000
• Impact on Paid-Up Capital: No change, as shares sourced from the secondary market

No Change in Paid-Up Capital:

Shalby Limited clarified that the exercise of these stock options will not lead to any change in the company's paid-up equity share capital. This is because the shares being transferred to employees are being sourced from the secondary market, rather than through a new issuance of shares.

About Shalby Limited Employee Stock Options Scheme – 2021:

The scheme, administered by the Nomination and Remuneration Committee, grants stock options to eligible employees based on predefined criteria. After a vesting period of two years, employees can exercise these options within a year to acquire company equity shares at the pre-determined exercise price.

About Shalby Limited:

Shalby Limited is a renowned multi-specialty hospital chain in India, offering a wide range of medical services across various disciplines. The company is committed to providing quality healthcare and fostering employee engagement through initiatives like the Employee Stock Options Scheme.