KP Energy Limited has made a regulatory disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
The company's Nomination and Remuneration Committee (Compensation Committee) approved the grant of 76,000 (Seventy-Six Thousand) stock options to an eligible employee of the company. The grant was approved at a meeting held on July 3, 2026, and is made pursuant to the KP Energy ESOP-2023 plan.
Key Details of the Grant:
- Total Options Granted: 76,000
- Conversion Ratio: Each option is convertible into 1 (One) Equity Share of the company
- Face Value per Share: ₹5
- Exercise Price: ₹33 (Rupees Thirty-Three) per share
Vesting Schedule:
The stock options are subject to a minimum vesting period of one year and will vest in the following tranches:
- 25% at the end of the 1st year from the Date of Grant
- 25% at the end of the 2nd year from the Date of Grant
- 35% at the end of the 3rd year from the Date of Grant
- 15% at the end of the 4th year from the Date of Grant
The maximum vesting period for any option granted shall not exceed five years from the date of grant.
Exercise Period:
Vested options may be exercised in whole or in part within a period of three months from their respective vesting dates. Options not exercised within this exercise period shall lapse, and the employee will have no right over such lapsed or cancelled options.