Poly Medicure Limited disclosed the grant of employee stock options following a meeting of its Nomination and Remuneration Committee.
Key Quantitative Figures
The company granted 17,500 stock options under its Employees Stock Option Scheme 2020. Each option entitles the holder to convert to one equity share of the company, covering a total of 17,500 equity shares.
Dates of Action
The Nomination and Remuneration Committee meeting was held on May 23, 2026, commencing at 11:00 AM IST and concluding at 11:30 AM IST. The grant date is May 23, 2026.
Pricing Details
The ESOPs were granted at a price of ₹100 per share, which represents a discounted price to the latest available closing price prevailing on the stock exchange on Saturday, May 23, 2026. The pricing complies with SEBI (SBEB) Regulations 2021 and the company's existing ESOP Plan.
Vesting and Exercise Terms
The options have a one-year cliff period from the date of grant (until May 23, 2027). After the cliff period, vesting occurs over a maximum term of four years as per the scheme. Once vested, the exercise period shall not exceed three months from the relevant vesting date, unless extended by the committee in exceptional circumstances.
Additional Details
The grant is based on eligibility criteria mentioned in the scheme. Option holders, upon vesting and exercise, must pay the exercise price and applicable taxes to acquire equity shares. The annexure indicates that items related to options exercised, money realized, shares arising from exercise, options lapsed, term variations, and diluted EPS are not applicable at this grant stage.