Approving Authority: Nomination and Remuneration Committee of the Board of Directors
Number of Options Granted: 88,222 Performance Stock Options
Number of Employees: 7 eligible employees
Plan Name: Bajaj Electricals Limited - Performance Stock Option Plan 2023
Option Terms
Exercise Price: ₹2 per equity share (equal to face value)
Underlying Shares: 88,222 fully paid-up equity shares of ₹2 each
Exercise Period: Two years from the date of respective vesting of options
Compliance: PSOP Plan 2023 is in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
Current Status
Options Vested: Not Applicable
Options Exercised: Not Applicable
Money Realized: Not Applicable
Shares Issued: Not Applicable
Options Lapsed: Not Applicable
Terms Variation: Not Applicable
Subsequent Changes: Not Applicable
Diluted EPS Impact: Not Applicable
Additional Information
Materiality: Below materiality threshold, disclosed as good corporate governance practice
Regulatory Reference: SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 last updated on January 30, 2026
Detailed Terms: Significant terms are disclosed in the Explanatory Statement forming part of the Postal Ballot Notice dated November 6, 2023, available on the company's website
