GMM Pfaudler Limited (GMMP) announces an employee stock option plan (ESOP) Programs for key employees across all geographies with a view to ensuring employee alignment and retention.
The ESOP program which has been approved by the Company’s shareholders on December 2, 2021, envisages the granting of 51,161 stock options representing ~0.35% of the total paid-up share capital of the Company.
GMM Pfaudler Ltd. is a global and diversified company, with more than 1,500 employees and 14 manufacturing facilities across four continents. GMM Pfaudler is present in the market with several branded product lines that include a comprehensive portfolio that includes Fluoropolymers, Filtration and Drying, Engineered Column Systems, Lab and Process Glass, Sealing Technologies and Glass-Lined and Alloy Systems.
Speaking on the initiative, Tarak Patel, Managing Director, GMM Pfaudler said, “At GMM Pfaudler we have always believed that our employees are our most important asset. Without their hard work and determination, we would not be where we are today. As we move towards becoming a truly global organization, a strong ESOP program will help us retain and attract talent.”
Money manager Saurabh Mukherjee is the founder and chief investment officer of Marcellus Investment Managers. GMM is part of Pfaudler Marcellus Investments Little Champs Portfolio,
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