MIRC Electronics' Compensation Committee approved grant of 16,00,000 stock options under ESOP Plan 2023.
Exercise price set at 30% discount to April 16, 2026 closing price with minimum of ₹16.81 per share.
Options vest after achieving performance milestones with minimum 1-year vesting period and 2-year exercise window.
Disclosure made under SEBI Listing Regulations with details available on company website www.onida.com.