Nature and Purpose of the Meeting
The Nomination and Remuneration Committee of Uno Minda Limited met to approve the grant of employee stock options under the company's ESOP scheme 2025.
Details of Resolutions Passed
- Approved grant of 2,43,280 options to eligible employees of the Company and its Subsidiaries/Associates/Joint Ventures
- Pricing set at Rs. 1,050 per option
- Pricing represents approximately 10% discount at closing price of the Company's shares at National Stock Exchange of India Ltd.
- Options will vest subject to fulfilment of vesting conditions on or before the vesting date
- Once vested, options shall be exercisable within one year from the vesting date:
- Tranche l(a): One Year from May 31, 2028
- Tranche l(b): One Year from May 31, 2029
Financial Impact
Total potential value of options granted: Rs. 255,444,000 (243,280 options × Rs. 1,050)
Timing of the Meeting
The Nomination and Remuneration Committee Meeting commenced at 06:00 P.M. (IST) and concluded at 07:10 P.M. (IST) on Tuesday, July 28, 2026.
Compliance References
- Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015
- SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/l/3762/2026 dated January 30, 2026
- Sub-Para (10) of Para B of Part A of Schedule Ill to the Regulation 30 of SEBI Listing Regulations
Additional Material Disclosures
- The grant of options and pricing formula is in accordance with Uno Minda Employee Stock Option Scheme 2025
- Detailed disclosure attached as Annexure-1 as required by SEBI regulations
- Items not applicable for this grant disclosure: Options exercised, Money realized by exercise of options, Total number of shares arising from exercise, Options lapsed, Variation of terms of options, Subsequent changes or cancellation or exercise of such options, Diluted earnings per share impact