Board Approval Details

The Board of Directors of Paradeep Phosphates Limited, at their meeting held on July 28, 2026 (commencing at 2:00 PM IST and concluding at 5:00 PM IST), based on the recommendation of the Nomination and Remuneration Committee, has approved the formulation of the 'Paradeep Phosphates Limited Performance Stock Option Plan 2026' ("PSOP 2026"). This approval is subject to shareholder approval.

Key Quantitative Details

The PSOP 2026 covers:

  • Total options: 20,00,000 (Twenty Lakh) stock options
  • Underlying shares: Exercisable into not more than 20,00,000 (Twenty Lakh) equity shares
  • Face value: ₹10 per share (fully paid-up)

Plan Structure and Terms

Pricing Formula: The exercise price shall be the face value of the equity shares on the date of grant or as decided by the Committee, which in any case will not be lower than the face value of ₹10. The exercise price can be different for different sets of employees for options granted on same/different dates. Subject to fair and reasonable adjustments for corporate actions.

Vesting Conditions:

  • Minimum period of one year between grant and vesting of options
  • Maximum vesting period may extend up to three years, or as decided by the Committee
  • Vesting shall happen in one or more tranches as decided by the Committee

Exercise Period: Not more than 2 (Two) years from the date of respective vesting of options.

Administration

The PSOP 2026 shall be administered by the Committee as authorized by the Board. All questions of interpretation shall be determined by the Board/Committee, and such determination shall be final and binding upon all persons having an interest in the PSOP 2026.

Financial Impact

Diluted EPS: The diluted earnings per share shall be determined on exercise of options. No immediate financial impact as this is approval of the plan structure only.

Current Status

As of the approval date (July 28, 2026):

  • No options have been granted, vested, exercised, lapsed, or varied
  • No money has been realized by exercise of options
  • No shares have arisen as a result of exercise of option

Next Steps

The PSOP 2026 requires approval by the shareholders of Paradeep Phosphates Limited before implementation.

#Tags: #ParadeepPhosphates #ESOP #SEBIRegulation #CorporateGovernance #EmployeeCompensation #Neutral