Date: May 28, 2026
Board Meeting Outcomes
The Compensation (ESOP) Committee of the Board of Directors approved the grant of Stock Appreciation Rights (SARs) to eligible employee(s) on May 28, 2026, in accordance with the Edelweiss Employees Stock Appreciation Rights Plan, 2019.
ESOP / SAR Grant Details
- The grant is in terms of SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021.
- The total number of shares covered and to be allotted upon exercise of the SARs is 1,500,000 (1.5 million).
- The exercise price (pricing formula) is set at ₹112 per SAR.
- The number of shares to be allotted upon exercise is calculated as: (Appreciation per SAR x Number of SAR units exercised) / Market Price with reference to the date of exercise.
- The SARs may be exercised by employees upon vesting, subject to terms and conditions determined by the Committee.
- The SARs must be exercised within a period of 1 year from the date of respective vesting.
Significant Terms of the Plan
- The Plan is administered by the Compensation Committee.
- The grant of SARs is based upon the eligibility criteria mentioned in the Plan.
- The granted SAR units shall vest from the date of grant as per the vesting schedule approved by the Committee.
- The vested SARs can be exercised in one or more tranches in accordance with the provisions of the Plan.
Other Disclosures
- The SARs have not yet vested, been exercised, lapsed, or undergone any variation of terms.
- No money has been realized by exercise of SARs, and diluted earnings per share impact is not applicable at this stage.
- No subsequent changes, cancellations, or exercises of these SARs have occurred.