The Nomination and Remuneration Committee (NRC) of the company approved the grant of 629,814 (Six Lakh Twenty-Nine Thousand Eight Hundred and Fourteen) Employee Stock Options to eligible employees. This grant was approved at the NRC meeting held on Thursday, July 23, 2026.
The grant is made under the IGI Employee Stock Option Plan – 2024 (IGI ESOP Plan 2024).
Key Details of the Grant (As per Annexure A):
- Total Options Granted: 629,814
- Shares Covered: Each option is exercisable into one equity share, meaning a potential issuance of up to 629,814 equity shares.
- Face Value: The underlying equity shares have a face value of ₹2 (Rupees Two) each.
- Pricing Formula: The exercise price was determined by the NRC and is in line with the provisions of the IGI ESOP Plan 2024.
- Regulatory Compliance: The scheme is in terms of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
- Vesting & Exercise: The details for the time within which the options may be exercised are governed by the IGI ESOP Plan 2024 and the individual grant letters issued to employees.
- Other Metrics: Metrics pertaining to options exercised, money realized, shares issued, options lapsed, variations, and diluted EPS are marked as 'Not Applicable' at this stage, indicating this is a new grant with no exercise activity to report.
- Significant Terms: The specific terms and conditions for the grant are contained in the grant letters issued to the employees.
Compliance and Disclosure:
The disclosure is made in compliance with:
- Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
The information has been signed and submitted by Nitika Dalmia, Company Secretary and Compliance Officer. The same information has been made available on the company's website at www.igi.org.