The Board of Directors, pursuant to the recommendation of the Nomination and Remuneration Committee (NRC), approved the grant of 116,788 employee stock options to eligible employees under the ACME Employee Stock Option Plan 2024 (Scheme). The approval was granted via resolution passed by circulation on October 10, 2026.
Key Details of ESOP Grant:
- Total Options Granted: 116,788 ESOPs
- Scheme Compliance: The scheme is in terms of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
- Shares Covered: 116,788 equity shares of face value ₹2 each are covered by the granted ESOPs (each ESOP converts to one equity share of face value ₹2)
- Exercise Price: ₹2 per ESOP
- Vesting Schedule: ESOPs will vest over four years in the ratio of 25% in each year, with vesting not earlier than 1 year and not later than 4 years from the Grant Date
- Exercise Period: While in employment, the exercise period for vested options is subject to a maximum period of 5 years from the date of vesting. Exercise period in case of separation from employment is as per provisions in the Scheme
Additional Information:
- The information is being made available on the company's website at www.acmesolar.in
- The disclosure includes reference to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
- The letter was signed by Rajesh Sodhi, Company Secretary and Compliance Officer
- No options have been vested, exercised, lapsed, or resulted in variation of terms as of this disclosure
- Diluted earnings per share impact is not applicable at this stage
The company's corporate office is located at 4th, 6th to 8th Floor, Block A1, DLF World Tech Park, DLF IT SEZ Silokhera, Sector 30, Gurugram, Haryana 122001, India, with registered office at Plot No. 152, Sector-44, Gurugram 122002, Haryana, India.