Master Trust Limited has granted 315,100 stock options under its "Master Trust Limited Employee Stock Option Plan 2025" (ESOP 2025) to eligible employees. The grant was approved by the Nomination & Remuneration Committee of the Board of Directors at its meeting held on October 1, 2026.

Key Details:

  • Each stock option is convertible into one fully paid-up equity share with a face value of ₹1 each
  • Exercise price per option is set at a discounted price not exceeding 20% of the prevailing market price (closing price on the stock exchange with the highest trading volume one day prior to the grant date)
  • Employees bear all tax liabilities related to the options
  • The equity shares allotted upon exercise would not be subject to any lock-in period
  • The plan is administered by the Nomination and Remuneration Committee (NRC)

Vesting Schedule:

  • Minimum vesting period: 1 year from grant date
  • Maximum vesting period: 4 years from grant date
  • Options vest over 4 years with 25% annual vesting:
  • End of 1st year: 25% of options granted
  • End of 2nd year: 25% of options granted
  • End of 3rd year: 25% of options granted
  • End of 4th year: 25% of options granted

Exercise Conditions:

  • Exercise period: Maximum 4 years from the date of respective vesting
  • Employee can exercise all vested options at once or at various points during the exercise period
  • Vesting subject to satisfaction of performance criteria/service conditions as determined by the Committee
  • Specific exercise conditions are detailed in individual Grant Letters

Regulatory Compliance:

  • The grant complies with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • References SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and December 31, 2024
  • Also complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021

Company Information:

  • Corporate Office: 1012, 10th Floor, Arunachal Building, 19, Barakhamba Road, New Delhi-110001

Additional Announcements:

The filing does not contain any additional corporate announcements beyond the ESOP grant details.