Pursuant to the company's earlier disclosure dated August 15, 2026 regarding the grant of 10,65,000 Stock Options, the Nomination and Remuneration Committee (NRC) of the Board of Directors approved a variation in the vesting schedule of these stock options through a circular resolution on August 26, 2026.
The stock options were granted to eligible employees on August 25, 2026 under the Employee Stock Option Scheme 2025 of the Company, which was approved by the shareholders.
Variation Details
The vesting schedule has been modified to a time-based structure as follows:
- 0% vesting during the first year from the date of grant
- 10% vesting upon completion of first year from the date of grant
- 20% vesting upon completion of second year from the date of grant
- 30% vesting upon completion of third year from the date of grant
- 40% vesting upon completion of fourth year from the date of grant
All other terms and conditions of the stock options remain unchanged from the original grant.