This disclosure is a regulatory filing submitted to the BSE Limited and the National Stock Exchange of India Limited. The purpose is to intimate the grant of employee stock options under the company's established plan, in compliance with SEBI regulations.
Key Quantitative Figures
The committee approved a grant of 300,000 (Three Lakh) stock options. Each option carries the right to apply for one equity share of the company, which has a face value of ₹3 each. The exercise price for the options is set at ₹18.93 per share. This price was determined as the market price of the share one day before the date of the grant (23rd July, 2026).
Dates of Action
The approval and grant of the options occurred on 24th July, 2026.
Parties Involved
The grant was approved by the company's Nomination and Remuneration Committee. The options are granted to eligible employees under the DTL Employees Stock Option Plan – 2018. The disclosure was signed by Pankaj Arora, the Company Secretary and Compliance Officer.
Vesting and Exercise Schedule
The 300,000 options will vest over a four-year period in equal annual tranches:
- 25% (75,000 options) will vest at the end of Year 1 from the date of grant.
- 25% (75,000 options) will vest at the end of Year 2 from the date of grant.
- 25% (75,000 options) will vest at the end of Year 3 from the date of grant.
- 25% (75,000 options) will vest at the end of Year 4 from the date of grant.
Once vested, the options may be exercised by the grantee at any time after the respective vesting date until the termination date. The specific tranches and proportions for exercise will be as decided by the Nomination and Remuneration Committee.
Financial Impact
Financial impact not quantified in the disclosure beyond the number of options granted and their exercise price.