Cera Sanitaryware Limited has made a regulatory disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding the grant of employee stock options.

The Nomination & Remuneration Committee of the Company, at its meeting held on 4th November 2026, approved Grant II of 13,650 stock options under the 'Cera Sanitaryware - Employee Stock Option Scheme 2024' (ESOS 2024).

Key Details of the ESOP Grant:

  • Total Options Granted: 13,650 options
  • Grant Date: 4th November 2026 (Grant II)
  • Underlying Shares: 13,650 equity shares of face value ₹5 each
  • Exercise Price: Face value of the shares (₹5 per share)
  • Scheme Compliance: In terms of SEBI (SBEB) Regulations, 2021

Vesting Schedule:

The options will vest over a 5-year period with the following schedule:

  • On 1st anniversary from grant date: 10% of options granted
  • On 2nd anniversary from grant date: 15% of options granted
  • On 3rd anniversary from grant date: 15% of options granted
  • On 4th anniversary from grant date: 30% of options granted
  • On 5th anniversary from grant date: 30% of options granted

Exercise Period:

The exercise period for vested options shall be a maximum of 5 years commencing from the relevant date of vesting.

Additional Terms:

  • Each vested option entitles the eligible employee to 1 fully paid-up equity share of the Company
  • Minimum vesting period: 1 year
  • Maximum vesting period: 5 years from grant date
  • Options granted based on eligibility criteria mentioned in the Scheme
  • Every grant governed by vesting schedule, performance conditions (KPIs), and other terms detailed in the grant letter

Current Status:

  • Options not vested at this stage
  • Options not exercised at this stage
  • No money realized by exercise of options
  • No shares arising from exercise of options
  • No options lapsed
  • No variation of terms of options
  • No subsequent changes or cancellation or exercise of such options
  • Diluted EPS impact not applicable at this stage

The disclosure was made to both BSE Limited and National Stock Exchange of India Limited as required under SEBI LODR Regulations.