Key Quantitative Figures

  • Number of stock options granted: 2,36,000
  • Underlying equity shares: 2,36,000 equity shares (each option convertible into one equity share of face value ₹5 each)
  • Exercise price: ₹349 per stock option

Dates of Action

  • Committee meeting date: 5 August 2026
  • AGM approval date: 27 July 2021 (for the scheme)

Parties Involved

  • Approving body: Nomination and Remuneration Committee of the Board of Directors
  • Scheme: KFIL Employee Stock Option Scheme 2021

Vesting and Exercise Schedule

Vesting Schedule: Stock options vest not later than four years from the date of grant (5 August 2026) on the basis of performance and time:

  • End of first year: 1/4th of total stock options granted (59,000 options)
  • End of second year: 1/4th of total stock options granted (59,000 options)
  • End of third year: 1/4th of total stock options granted (59,000 options)
  • End of fourth year: 1/4th of total stock options granted (59,000 options)

Exercise Period: Three years from the date of vesting of each tranche of stock options.