Key Actions Approved

  • The Nomination and Remuneration Committee of the board of directors approved the grant of 10,000 (Ten Thousand) options under the Insolation Energy Employee Stock Option Plan 2024 ("ESOP 2024"/"Plan") at its meeting held on 25th May, 2026.
  • The exercise price was set at Rs. 3.80/- (Three rupees and eighty paise Only) per option.
  • The Committee also approved the cancellation of 46,250 Options previously granted under the same ESOP 2024 plan.

Stock Split Impact

With effect from 24th January 2025 (Record Date), the equity shares of the Company were split from Rs. 10/- each to Rs. 1/- each. Consequently, as per Clause 3.5 of the ESOP 2024 Plan, the number of shares granted under the plan was modified from 1,000 Equity Shares of Rs. 10/- each to 10,000 Equity Shares of Rs. 1/- each.

Eligibility

Options are granted to eligible employees of the Company and its subsidiary, associate, and group companies.

Vesting Schedule

The options will vest in the following manner:

  • 25% of the options granted will vest at the end of 12 (twelve) months from the date of grant
  • 25% of the options granted will vest at the end of 18 (eighteen) months from the date of grant
  • 25% of the options granted will vest at the end of 24 (twenty-four) months from the date of grant
  • 25% of the options granted will vest at the end of 30 (thirty) months from the date of grant

Exercise Period

The exercise period commences from the date of vesting and expires upon completion of 18 (eighteen) months from the date of vesting of options.

Plan Details

The ESOP 2024 Plan is in compliance with SEBI (SBEB) Regulations, 2021. The total grant pool under the plan is 20,00,000 (Twenty Lacs) options, which was previously 2,00,000 (Two Lakh) before the stock split. Each option would be exercised at Rs. 1/- each fully paid-up, which was Rs. 10 (Rupees Ten) each fully paid-up before the split.

Purpose of ESOP Scheme

The scheme aims to motivate employees who are consistently performing well, give them an opportunity to participate and gain from the Company's performance, act as a retention tool, align efforts toward long-term value creation, and attract new talent.

Additional Information

  • The total number of shares arising from exercise of options will be intimated to regulators at the time of exercise
  • Options lapsed will be intimated to regulators at the time of exercise
  • The Board may vary the terms of the Scheme if deemed necessary or desirable, subject to Applicable Laws
  • Diluted earnings per share impact: Not applicable (N.A.) at this time