Key Quantitative Figures
- Number of Options Granted: 4,70,104 (Four Lakh Seventy Thousand One Hundred Four) Stock Options
- Underlying Shares: 4,70,104 equity shares of face value ₹5 each
- Exercise Price: ₹35 (Rupees Thirty Five) per share
Dates of Action
- Date of Committee Approval: August 24, 2026 (via circular resolution)
- Date of Intimation: August 24, 2026
Parties Involved
- Grantor: KPI Green Energy Limited
- Approving Authority: Nomination and Remuneration Committee (Compensation Committee) of Board of Directors
- Compliance Officer: Krunal Bhatt, Company Secretary & Compliance Officer
- Regulatory References: SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, dated January 30, 2026
Vesting Schedule
The stock options are subject to a minimum vesting period of one year and shall vest as follows:
- At the end of 1st year from Date of Grant: 25% of options
- At the end of 2nd year from Date of Grant: 25% of options
- At the end of 3rd year from Date of Grant: 35% of options
- At the end of 4th year from Date of Grant: 15% of options
Exercise Period
The vested options may be exercised in whole or in part within a period of three months from the date of vesting.
Significant Terms and Conditions
- Each option converts into 1 (One) Equity Share of the company having face value of ₹5 each
- Shares issued upon exercise shall be freely transferable with no lock-in period
- Options not exercised within the Exercise Period shall lapse
- Vesting may happen in one or more tranches
- Maximum vesting period shall not exceed five years from date of Grant