Dabur Plans Second Esop For 100 Top Executives

Over 18-20,000 shares of the company will be offered to employees of Dabur as stock options, according to a company source.

The Esop will have a lock-in period of one year and can be encashed within the next three years, the source said.

The company has, however, not taken a final decision regarding the price and the number of shares to be offered under the Esop plan. "The Compensation Committee will take a final decision in this regard only after the annual general meeting scheduled to be held on September 13," the source said.

The company had given 12,000 Esops to its top executives, up to deputy general manager level last year under stock purchase scheme at the rate of Rs 300 per share.

 

Compared with the last year, the number of shares will be increased by 20-25 per cent this year, the source said, adding the price of shares will be determined on the basis of the market conditions.

The company had recently constituted a compensation committee to look into the remuneration packages of employees, specially Esops. The members of compensation committee are constituted by Dabur's board members N C Suri, Vijay Karan, Ashok Goenka and P D Narang. Apart from Narang, who is Dabur India director - corporate affairs, the three members of the committee are non-executive board members.