KP Energy Limited has made a regulatory disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Key Details of ESOP Grant

  • Total Options Granted: 6,189 stock options
  • Conversion Ratio: Each option converts into 1 (One) Equity Share of the company with a face value of ₹5 each
  • Exercise Price: ₹33 (Rupees Thirty-Three) per share, as approved by the Compensation Committee
  • Vesting Schedule:
  • 25% vest at the end of the 1st year from the Date of Grant
  • 25% vest at the end of the 2nd year from the Date of Grant
  • 35% vest at the end of the 3rd year from the Date of Grant
  • 15% vest at the end of the 4th year from the Date of Grant
  • Minimum Vesting Period: 1 year
  • Maximum Vesting Period: Not greater than 5 years from the date of grant
  • Exercise Period: Vested options may be exercised within 5 years from the date of vesting
  • Transferability: Shares acquired upon exercise are freely transferable with no lock-in period
  • Lapse Condition: Options not exercised within the Exercise Period shall lapse