Key Details of ESOP Grant
- Number of options granted: 16,88,950 (Sixteen Lakh Eighty Eight Thousand Nine Hundred and Fifty) options
- Plan name: Indo Borax & Chemicals Limited Employees Stock Option Plan, 2026 (ESOP 2026)
- Exercise price: Re. 1/- per option
- Beneficiaries: Eligible employees of the company
- Compliance: The scheme is in terms of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
Share Conversion Details
- Each ESOP is convertible into one fully paid-up equity share
- Face value of shares: Re. 1/- each
- Total number of shares covered: 16,88,950 equity shares
Pricing Formula
As per ESOP 2026, the exercise price is determined by the Compensation Committee on the date of grant at its discretion. The Exercise Price shall not be less than the Face Value of the Equity Shares (Re. 1) and shall not exceed the Market Price of the Equity Shares as on date of grant. The NRC determined the exercise price at Re. 1/- per ESOP.
Exercise Period
The exercise period commences from the date of vesting and expires on completion of maximum exercise period of 5 years from the date of respective vesting or such shorter period as may be determined.
Adjustment Provisions
In the event of a merger, demerger, sale of all or substantially all the assets of the Company, or any other form of change in Control of the Company, the NRC may make reasonable adjustment to the number of Options and the Exercise Price at its sole discretion.
Current Status
- Options vested: Not Applicable
- Options exercised: Not Applicable
- Subsequent changes or cancellation: Not Applicable
- Diluted earnings per share impact: Not Applicable
Additional Information
- The disclosure includes Annexure-I with complete details as required under regulations
- The intimation was uploaded on the company's website at www.indoborax.com
- Date and time of occurrence of event: 30th June, 2026, 8:39 A.M.