The Board meeting commenced at 2:00 PM and concluded at 3:30 PM on August 19, 2026.
Key Scheme Details
- Total Options: The scheme covers 27,628,919 (Twenty Seven Million Six Hundred Twenty Eight Thousand and Nine Hundred Nineteen) employee stock options
- Share Details: Options are for equity shares with a face value of ₹10 each (fully paid-up)
- Compliance: The ESOP 2025 scheme is compliant with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
- Pricing Formula: The exercise price per option will be equal to the market price of the share as on the date of grant of options, determined as the latest available closing price on the recognized stock exchange with the highest trading volume immediately prior to the date of grant
- Exercise Period: The exercise period for vested options shall be 4 years after each vesting event
- Current Status: No grants are being made under ESOP 2025 currently as the scheme is subject to shareholder approval
Additional Information
- Significant terms of the scheme will be disclosed in the explanatory statement forming part of the annual general meeting notice
- Various metrics including options vested, options exercised, money realized by exercise, total shares arising from exercise, options lapsed, variation of terms, subsequent changes, and diluted earnings per share impact are not applicable at this stage
The disclosure was signed by Venkatesh H, Company Secretary & Secretary to the Board, and submitted to both BSE Limited and National Stock Exchange of India Limited.