Committee Approval
The Nomination & Remuneration Committee (also designated as Compensation Committee) at its meeting held on Monday, 21st September, 2026 approved:
- Vesting of 6,625 Employee Stock Options granted to eligible employees
- Under 'Ador Employee Stock Option Plan 2025'
- Effective from 22nd September, 2025
ESOP Scheme Details
Original Grant
- Total options granted: 29,500
- Grant date: 22nd September, 2025
- Face value: ₹10 per share
- Regulatory compliance: Yes, compliant with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
Current Vesting Approval
- Options vested: 6,625 equity shares of face value ₹10 each
- Vesting date: 22nd September, 2026
Exercise Terms
- Exercise price: ₹10 per share/option
- Exercise period: 3 years from date of vesting
- First exercise window: 26th October 2026 to 24th November 2026 (30 days)
Plan Amendments
The Committee approved amendments to Ador Employee Stock Option Plan 2025:
- Clause 3.3 modified to cap maximum grants at 2,000 options per eligible employee per grant
- The Committee retains discretion to determine actual number of options granted per employee in any tranche
Settlement Process
- The Company shall arrange to issue equity shares within 30 days from closure of exercise window
- Subject to necessary regulatory approvals, if any
Additional Information
The complete ESOP scheme document is available on company website: https://adorwelding.com/wp-content/uploads/2025/07/ESOPScheme.pdf
This intimation has been uploaded on Company's website at: https://www.adorwelding.com/events/