Lupin Limited granted 6,495 employee stock options at an exercise price of ₹2.00 per share under its 2011 plan.
The options vest quarterly over four years, with 25% vesting each year starting one year from the grant date.
The disclosure is made pursuant to SEBI Listing Regulations, specifically Regulation 30, for compliance purposes.
Each vested option entitles the employee to subscribe to one equity share of the company with a face value of ₹2.