Key Quantitative Figures
The company has granted 2,00,000 (Two Lakhs) Employee Stock Options at an exercise price of ₹15 (Indian Rupees Fifteen) per option. Each option is convertible into one fully paid-up equity share of face value ₹10 (Indian Rupees Ten) each upon vesting and exercise.
Dates of Action
The Nomination and Remuneration Committee approved the grant in its meeting held on November 4, 2026, which concluded at 04:33 p.m.
Parties Involved
The grant was approved by the Nomination and Remuneration Committee, acting as the Compensation Committee. The disclosure is signed by Rachit Malhotra, Company Secretary and Chief Compliance Officer (Membership No.: A39894).
Vesting and Exercise Terms
- 100% of the options vest upon completion of one year from the date of grant
- Options may be exercised within 5 (Five) years from the date of vesting
Scheme Details
The options are granted under the "Employee Stock Option Scheme 2026" which contemplates granting options to eligible employees. After vesting, eligible employees earn the right (but not obligation) to exercise the vested options within the exercise period and obtain equity shares subject to payment of exercise price and satisfaction of any tax obligations.
Current Status
- Options exercised: Nil
- Options lapsed: Nil
- Money realized by exercise of options: Not Applicable
- Total number of shares arising from exercise: Not Applicable
- Variation of terms: Not Applicable
- Subsequent changes or cancellation: Not Applicable
- Diluted EPS impact: Not Applicable