Key Details of Stock Option Grant

  • Total options granted: 2,07,003 Stock Options/Restricted Stock Units (RSUs)/Performance Stock Units (PSUs)
  • Grant under: Jubilant Pharmova Employees Stock Option Plan 2018
  • Compliance: The scheme is in terms of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021

Equity Shares Coverage

  • Total number of shares covered: 2,07,003 Equity Shares of face value Re. 1 each

Pricing Formula (Exercise Price)

  • For 1,81,570 RSU/PSU: Exercise Price is Re. 1 each (face value per equity share)
  • For 25,433 Stock Options: Exercise Price is Rs. 974.45 each

Vesting Schedule

Subject to fulfilment of pre-vesting conditions, the options will vest as follows:

  • 23,102 RSUs of Re. 1: 3 years from the date of grant based on performance
  • 25,433 Stock Units at Rs. 974.45 each:
  • 1st Year: 20%
  • 2nd Year: 30%
  • 5th Year: 50%
  • 1,58,468 PSUs of Re. 1: Shall vest on April 01, 2029

Exercise Period

  • 1,81,570 Stock Options/RSUs/PSUs: Exercisable within a maximum period of 1 (one) year under Employees Stock Option Plan 2018
  • 25,433 Stock Options: Exercisable within a maximum period of 8 (eight) years from the date of grant, subject to the terms of Jubilant Pharmova Employees Stock Option Plan 2018

Significant Terms

  • Minimum vesting period: 1 (one) year
  • Maximum vesting period: 5 (five) years from the date of grant as per Jubilant Pharmova Employees Stock Option Plan 2018

Company Representative

  • Naresh Kapoor, Company Secretary
  • Digitally signed on July 16, 2026 at 18:23:13 +05'30'

Disclosure Recipients

  • BSE Limited
  • National Stock Exchange of India Limited
  • Trading Symbol: JUBLPHARMA