The Nomination and Remuneration Committee (NRC) of Lupin Limited granted 40,157 stock options to employees of the company and its subsidiaries on October 19, 2026.
Grant Details:
- Effective Date of Grant: October 19, 2026
- Scheme Name: Lupin Employees Stock Option Scheme 2025
- Number of Stock Options Granted: 40,157
- Exercise Price: ₹2.00 per option
- Vesting Structure: Options vest over three years, commencing after completion of one year from the grant date (October 19, 2026)
- Vesting Schedule: Equal annual instalments of one-third (1/3rd) each year
- Performance Conditions: Vesting is subject to achievement of applicable performance conditions
- Exercise Period: Vested options can be exercised in one or more tranches within a period not exceeding eight years from the effective date of grant
Regulatory Compliance:
- Disclosure made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Additional Information:
- Each stock option entitles the grantee to subscribe to one equity share of the company
- The shares issued upon exercise will rank pari-passu with existing equity shares
Additional Announcements:
No additional corporate updates were included in this filing.