Solara Active Pharma Sciences Limited has granted 4,70,000 (Four Lakh Seventy Thousand) employee stock options under its "Solara Employee Stock Option Plan - 2024" (SOLARA ESOP 2024). The grant was approved by the company's Nomination and Remuneration Committee at its meeting held on Friday, October 16, 2026.
Key Details:
- Total Options Granted: 4,70,000
- Exercise Price: ₹375 per share
- Pricing Formula: The exercise price was decided by the Nomination and Remuneration Committee in line with the company's ESOP Scheme, 2024
- Exercise Period: Options must be exercised within 120 days from the date of vesting. Options cannot be exercised after this period
- Vesting Status: Not applicable at the time of grant
- Compliance: The grant is in compliance with the Securities and Exchange Board of India (Share Based Employee Benefits & Sweat Equity) Regulations, 2021, as amended
Regulatory References:
- Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Additional compliance with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Additional Information:
- No options have been exercised, lapsed, or varied as of this grant date
- No money has been realized from option exercises
- No shares have been issued as a result of option exercises
- No variation of terms has occurred
- Diluted EPS impact is not applicable at this stage
Additional Announcements
No additional corporate updates were provided in this filing.