Lupin Limited has granted 15,67,591 stock options to employees of the Company and its subsidiaries under the Lupin Employees Stock Option Scheme 2025. The grant was approved by the Nomination and Remuneration Committee at its meeting held on June 22, 2026.
Key Terms:
- Effective date of grant: July 01, 2026
- Exercise price: ₹2.00 per option
- Each stock option entitles the grantee to subscribe to one equity share of the company
- Vesting period: Three years, commencing after completion of one year from the effective date of grant (July 01, 2026)
- Vesting schedule: Equal annual instalments of one-third (1/3rd) each year
- Exercise period: Up to eight years from the effective date of grant
- Performance conditions: Vesting subject to achievement of applicable performance conditions
- Exercise flexibility: Vested options can be exercised in one or more tranches
Regulatory Compliance:
- Disclosure made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Signed by Amit Kumar Gupta, Company Secretary and Compliance Officer (ACS - 15754)
Additional Announcements:
No additional corporate updates were included in this filing.