Key Quantitative Figures
- Total options granted: 250,000 (Two Lakhs Fifty Thousand)
- Number of eligible employees: 6 (Six)
- Exercise price per option: ₹100.95
- Face value of underlying equity shares: ₹2 each
- Maximum number of equity shares upon exercise: 250,000
- Minimum vesting period: 1 year
- Maximum vesting period: 5 years
- Maximum exercise period: 7 years from date of first vesting
Dates of Action
- Committee meeting date: November 06, 2026
- Exercise price reference date: November 05, 2026 (last trading date previous to committee meeting)
- Document signing date: November 06, 2026 at 15:12:04 +05'30'
Parties Involved
- Granting authority: Nomination and Remuneration Committee of Bajel Projects Limited
- Recipients: 6 eligible employees of the company
- Regulatory references: SEBI Master Circular No. HO/49/14/14(7)2025 -CFD-POD2/I/3762/2026 dated January 30, 2026
Scheme Terms and Conditions
- Options granted at exercise price of ₹100.95, calculated as discount on closing price on BSE where traded volume was higher on November 05, 2026
- Options currently unvested (nil vested)
- Options currently unexercised (nil exercised)
- No money realized from exercise (nil)
- No shares arising from exercise (nil)
- No options lapsed (nil)
- No variation of terms (not applicable)
- No subsequent changes or cancellation (not applicable)
- Diluted EPS impact: Not applicable as options are yet to be exercised
Significant Terms
- Scheme provides for treatment of stock options in cases of death, permanent incapacity, resignation, termination, retirement
- Equity shares allotted upon exercise of stock options are not subject to lock-in
- Options vest over minimum 1 year to maximum 5 years from grant date
- Vested options exercisable within maximum 7 years from date of first vesting
Financial Impact
Current financial impact: Nil (options granted but not yet exercised). Potential future dilution of up to 250,000 equity shares if all options are exercised.