Orient Bell Limited has made a regulatory disclosure regarding the termination of its employee stock option scheme. The Board of Directors, in their meeting held on Monday, 19th May, 2026, considered and approved the termination of the Orient Bell Employees Stock Option Scheme, 2018.
The termination is implemented without affecting the rights of the allottees who received shares under the scheme. The disclosure confirms that all Employee Stock Options (ESOPs) available under the 2018 scheme have been fully exercised, and corresponding shares have been allotted to employees.
This intimation serves as a formal notification to the stock exchanges (BSE Limited and National Stock Exchange of India Ltd.) regarding the scheme termination. The document was signed by Yogesh Mendiratta, Company Secretary & Head - Legal, on 22nd May, 2026 at 18:57:11 IST.
Financial Impact
No immediate financial impact is indicated as all options were already exercised and shares allotted prior to termination. The termination represents an administrative closure of the completed scheme.