Nature and Purpose of the Meeting
The Nomination and Remuneration Committee meeting was held to approve the grant of employee stock options under the Uno Minda Employee Stock Option Scheme 2025.
Details of Resolutions Passed
- Approved grant of 55,340 stock options to eligible employees of the Company and its Subsidiaries/Associates/Joint Ventures
- Pricing set at ₹1,080 per option
- Each option confers the right to subscribe for 1 fully paid equity share
- Pricing represents approximately 10% discount to closing price at National Stock Exchange of India Ltd. one day prior to Grant Date
Financial Impact
Total potential capital raise: ₹59,767,200 (55,340 options × ₹1,080 per option) upon full exercise.
Timing of the Meeting
Meeting commenced at 09:38 AM (IST) and concluded at 09:50 AM (IST) on Thursday, November 05, 2026.
Compliance References
- Regulation 30 of 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
- Compliance with SEBI (SBEB) Regulations, 2021 confirmed
Vesting and Exercise Details
- Options vest subject to fulfilment of vesting conditions on or before vesting date
- Exercise period: Within one year from vesting date
- Tranche I(a): One year from May 31, 2028
- Tranche I(b): One year from May 31, 2029
Additional Material Disclosures
- Detailed disclosure attached as Annexure-1 as required by SEBI regulations
- No options exercised, lapsed, or variations reported as this pertains only to grant of options
- Diluted EPS impact not applicable for grant stage
Not Covered in Document
- Specific use of proceeds from option exercise
- Detailed vesting conditions criteria
- Exact number of employees receiving options
- Breakdown of allocation among subsidiaries/associates/joint ventures