ESOP Grant Details:
- The Nomination and Remuneration Committee approved the grant of 1,238 (One Thousand Two Hundred and Thirty Eight) stock options to eligible employees.
- Each option has an exercise price of ₹5 (Rupee Five Only) per option.
- Each stock option entitles the holder to apply for 1 (one) Equity Share of the company with a face value of ₹5 (Rupee Five Only) each.
- The options vest over a period of 3 (three) years.
- The options are exercisable within 1 (one) month from the date of vesting or such other period as determined by the Committee.
- The grant is subject to the provisions of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Lapse of Stock Grants:
- The Committee noted the lapse of 985 (Nine Hundred and Eighty-Five) stock grants previously issued under the GPL ESGS to an eligible employee.
- Consequently, the employee shall have no right to claim any part of the lapsed stock grants.
Compliance & Additional Information:
- The disclosure was made via a Circular Resolution approved by the Nomination and Remuneration Committee on September 18, 2026.
- The company's CIN is L74120MH1985PLC035308.
- The letter was digitally signed by Ashish Sudhakar Karyekar, Company Secretary, on September 18, 2026, at 16:27:02 IST.