V-Guard Industries Limited's Nomination and Remuneration Committee, in its meeting held on July 28, 2026, approved the grant of options under the company's Employee Stock Option Scheme 'ESOS 2013'.
The scheme is in due compliance with the terms of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Options granted carry the right to apply for an equivalent number of equity shares of the company at face value of ₹1 each.
Key Terms:
- Vesting Period: Options will vest over a period not more than four years, based on time and performance criteria. Time-based options vest periodically over up to four years, while performance options vest in the last year subject to achievement of performance criteria.
- Exercise Period: Options may be exercised within 6 years from the date of vesting.
- Exercise Price: ₹1 per option.
- Vesting Conditions: Subject to continued employment with the company and fulfilment of performance criteria, if any.
- Lapsed/Cancelled Options: The Nomination and Remuneration Committee has discretion to decide re-issue of lapsed/cancelled options in accordance with the scheme and applicable laws.
- Price Determination: The Exercise Price shall be determined by the Committee but shall not be less than face value and not more than the prevailing market value on the date of Grant.
The ESOS 2013 is administered by the Nomination and Remuneration Committee, with options vesting in not less than one year and not more than four years from the date of grant.
Additional Announcements
No additional corporate updates were included in this filing.
Compliance Officer
Vikas Kumar Tak, Company Secretary & Compliance Officer (Membership No. FCS 6618), signed and submitted the disclosure to both BSE Limited and National Stock Exchange of India Limited.