Date: August 6, 2026
ESOP / Share Allotment
Stock Option Grant Details
- The Nomination and Remuneration Committee approved the grant of 81,983 Stock Options under the PSOP Plan 2023
- Granted to 7 eligible employees of the Company
- Compliance with Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
- Options cover 81,983 fully paid-up equity shares of ₹2 each
- Exercise price equals face value of ₹2 per equity share
- Exercise period: Two years from date of respective vesting
- No options vested, exercised, lapsed, or money realized at time of grant
- No variation of terms or subsequent changes applicable
Stock Option Vesting Details
- The Committee approved vesting of 75,358 Stock Options under the PSOP Plan 2023
- Vested for 259 eligible employee cases
- Options cover 75,358 fully paid-up equity shares of ₹2 each
- Exercise price equals face value of ₹2 per equity share
- Exercise period: Two years from date of respective vesting
- 39,662 options were cancelled and added back to the options pool
- No options exercised, money realized, or variation of terms applicable
Plan Compliance
- PSOP Plan 2023 complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
- Significant terms disclosed in Explanatory Statement of Postal Ballot Notice dated November 6, 2023
- Available at company website: https://www.bajajelectricals.com/pages/investors