The Nomination and Remuneration Committee of the Board approved the grant of 7,80,424 stock options to eligible employees at an exercise price of ₹10 per option. The grant became effective from July 01, 2026.

Key Details of the ESOP Grant:

  • Each stock option is convertible into one fully paid-up equity share of face value ₹10 each
  • Total shares covered by the grant: 7,80,424 equity shares of ₹10 face value each
  • The grant includes requisite adjustments for corporate actions as provided under the SFX ESOP 2016
  • Options will vest after a minimum period of 12 months from the grant date (July 01, 2026)
  • Vesting details are specified in individual Letters of Grant and are based on time and/or performance criteria
  • Vesting is subject to continued employment with the company
  • Vested options can be exercised within five years from the date of vesting
  • The scheme complies with SEBI (SBEB) Regulations, 2021