HDFC Asset Management Company Limited's Nomination & Remuneration Committee approved the grant of Employee Stock Options and Performance-linked Stock Units under the company's ESOP & PSU Scheme - 2025. The grant includes:
- 53,925 Employees Stock Options ('Options') granted at ₹2,296.90 per Option
- 14,925 Performance-linked Stock Units ('PSUs') granted at ₹5 per PSU
- Total of 68,850 equity shares of ₹5 each represented by these grants
Pricing Details:
- Options priced at ₹2,296.90 per Option, based on the latest closing price on NSE (the exchange with highest trading volume) on October 14, 2026
- PSUs priced at ₹5 per PSU, equal to the face value of equity shares
Vesting Schedule:
Options Vesting:
- 1st Anniversary from grant date: 10% vesting
- 2nd Anniversary from grant date: 20% vesting
- 3rd Anniversary from grant date: 30% vesting
- 4th Anniversary from grant date: 40% vesting
PSUs Vesting:
- 1st Anniversary from grant date: 0% vesting
- 2nd Anniversary from grant date: 0% vesting
- 3rd Anniversary from grant date: 30% vesting
- 4th Anniversary from grant date: 70% vesting
Exercise Period:
- Vested Options must be exercised within four years from the respective vesting date
- Vested PSUs must be exercised within one year from the respective vesting date
Compliance:
- The scheme complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
- Disclosure made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Each Option and PSU entitles the holder to one equity share of ₹5 each upon exercise
Approval Details:
- Approved by Nomination & Remuneration Committee on October 15, 2026
- Document signed by Sonali Chandak, Company Secretary
Additional Announcements:
The filing does not contain any additional corporate updates beyond the ESOP and PSU grant details.