Grant Details:
- Number of SAR Units Granted: 48,193 (Forty Eight Thousand One Hundred Ninety Three only)
- Scheme Name: RateGain - Stock Appreciation Rights (SAR) Scheme – 2022 (SAR-2022)
- Plan: SAR, 2026
- SAR Price (Exercise Price): Rs. 827.75 per SAR Unit
Vesting Schedule:
- Vesting Period: 4 years from the date of grant (September 28, 2026)
- Vesting Schedule: 10% in Year 1, 20% in Year 2, 30% in Year 3, and 40% in Year 4
Exercise Period: The vested SAR Units can be exercised within three (3) years from the date of their vesting.
Approving Authority: The grant was approved by the Nomination and Remuneration Committee of the Company on September 28, 2026.
Additional Announcements
This filing is a standalone intimation for the SAR grant and does not contain any other corporate updates.