NSE Symbol
STOVEKRAFT
Key Details
Approval and Authorization
- The Board of Directors approved the grant via circular resolution passed on 10 November 2026
- Approval was based on recommendation of the Nomination and Remuneration Committee
- Grant is subject to necessary approvals
Stock Option Grant Details
- Number of options granted: 97,519
- Plan: Stove Kraft Employee Stock Option Plan 2018 (ESOP Plan 2018)
- Beneficiaries: Eligible employees of the Company
- Face value per share: ₹10
- Total potential shares: 97,519 equity shares of face value ₹10 each
Pricing Details
- Option price: ₹789.35 per option
- Pricing basis: Latest available closing price on National Stock Exchange of India Limited as on 09 November 2026
- Selection rationale: NSE was chosen as it had the highest turnover
Vesting Schedule
The vesting follows a four-year graded schedule as per ESOP Plan 2018:
- 1st anniversary from grant date: 10% of options granted
- 2nd anniversary from grant date: 20% of options granted
- 3rd anniversary from grant date: 30% of options granted
- 4th anniversary from grant date: 40% of options granted
Exercise Period
- Options may be exercised within 4 years from the date of vesting
Current Status
- Options vested: None yet (refer to vesting schedule)
- Options exercised: None (to be exercised as per ESOP Plan 2018 and grant letter terms)
- Money realized: Not applicable
- Options lapsed: Not applicable
- Terms variation: Not applicable
- Subsequent changes/cancellation: Not applicable
Financial Impact
- Diluted EPS impact: Not applicable as disclosed
- Financial impact quantification: Not provided in disclosure beyond option count and pricing