Key Quantitative Figures
- Stock Options Granted: 853,740 options
- PSUs Granted: 193,728 performance stock units
- Total Equity Shares Covered: 1,047,468 equity shares (853,740 + 193,728)
- Face Value per Share: ₹5 each
- Exercise Price: ₹1,017.5 for stock options, ₹5 for PSUs
Dates of Action
- Approval Date: July 30, 2026
- Meeting Time: Commenced at 10:40 a.m., concluded at 11:00 a.m.
- Vesting Period: Spread over 3 tranches from 2027 to 2029
- Exercise Window: 5 years from date of vesting
Parties Involved
- Approving Authority: Nomination, Remuneration and Compensation Committee of the Board of Directors
- Eligible Recipients: Employees (specific names not disclosed)
- Compliance Officer: Prateek Savla, Company Secretary & Compliance Officer (ACS 29500)
Vesting Schedule
- Year 1: 33.33% vesting
- Year 2: 33.33% vesting
- Year 3: 33.33% vesting
- Minimum Vesting Period: Not earlier than 1 year from grant date
- Maximum Vesting Period: Not later than 5 years from grant date
Capital Structure Impact
Each stock option and PSU is convertible into 1 equity share of face value ₹5 each, representing potential dilution of approximately 1,047,468 shares upon full exercise.