Date: July 03, 2026
Board Meeting Outcomes
ESOP Grant Details
Brief details of options granted:
- ESOP Scheme: ESOP 2024
- Number of options granted: 71,72,343
Regulatory Compliance:
- The scheme is in terms of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021: Yes
Share Coverage:
- Total number of shares covered: 71,72,343 equity shares
- Each stock option is convertible into one fully paid-up equity share having face value of ₹1 each
- Includes requisite adjustment pursuant to corporate actions as provided under the ESOP schemes
Pricing Terms:
- Exercise Price: ₹1 per stock option
Exercise Timeline:
- The stock options shall be eligible for exercise at any time after the Vesting Period and until liquidation of the Company, provided the Optionee remains in employment
- If an Optionee ceases to be an employee for reasons other than Cause or abandonment, the vested Options must be exercised within 36 months from the date of cessation of employment
Significant Terms:
- The Scheme provides for the manner in which Stock Options would be dealt with in case of death, permanent incapacity, resignation and termination etc.
- The equity shares allotted, pursuant to the exercise of the Stock Options, would not be subject to lock-in
Additional Disclosures:
- Options vested: Not specified
- Options exercised: Not specified
- Money Realized by exercise of options: Not specified
- The total number of shares arising as a result of exercise of option: Not Applicable
- Options lapsed: Not specified
- Variation of terms of options: Not specified
- Diluted earnings per share pursuant to issue of equity shares on exercise of options: Not specified
Compliance Officer
- Cauveri Sriram, Company Secretary & Compliance Officer
- Digitally signed the disclosure on July 03, 2026 at 17:11:17 +05:30