APAR Industries granted 43,700 Employee Stock Appreciation Rights under its 2024 plan in compliance with SEBI regulations.
The ESARs were priced at ₹15,153 with zero discount to market price and a maximum four-year vesting period.
Previous ESAR exercises resulted in allotment of 15,404 shares across two dates in May and July 2026.
The company disclosed 31,113.5 ESARs exercised generating ₹1,81,240 and 22,764 ESARs lapsed due to resignations.