Key Details of the Grant:
- The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee (N&RC), approved the grant via a resolution dated July 1, 2026.
- A total of 250,000 (2.5 Lakh) stock options were granted, each option convertible into one equity share of face value ₹ 2 each.
- The exercise price for the options is ₹ 274.75 per share. This price was determined as the closing market price of the company's share on the National Stock Exchange of India Limited (NSE) on June 30, 2026.
- The scheme is in compliance with SEBI regulations, as referenced by SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
- The vesting period for the options will be as per the terms and conditions determined by the Board/Nomination & Remuneration Committee.
- The options may be exercised within a period of 5 years from the date of vesting.
The disclosure was made to BSE Limited and the National Stock Exchange of India Limited under the company's internal reference number 54/2026-27.
Additional Announcements:
This filing is solely for the intimation of the ESOP grant and contains no other corporate announcements.