The company's Nomination and Remuneration Committee (NRC) approved the grant of 3,07,000 stock options to eligible employees under the Waaree Employee Stock Option Plan 2021 (ESOP 2021).
The plan complies with the Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2021.
Key Details of the Grant:
- Total shares covered: 3,07,000 Equity Shares of ₹10 each
- Exercise price: ₹10 per option
- Vesting schedule: Graded vesting over six years:
- End of 1st year: 15% of options granted
- End of 2nd year: 15% of options granted
- End of 3rd year: 15% of options granted
- End of 4th year: 15% of options granted
- End of 5th year: 20% of options granted
- End of 6th year: 20% of options granted
- Exercise period: All vested options are exercisable within four years from their respective vesting dates
Current Status:
- Options exercised: Not Applicable
- Money realized by exercise: Not Applicable
- Shares arising from exercise: Not Applicable
- Options lapsed: Not Applicable
- Variation of terms: Not Applicable
- Subsequent changes: Not Applicable
- Diluted EPS impact: Not Applicable
The disclosure was made in accordance with SEBI circular H0/49/14/14(7)2025-CFD-POD2/l/3762/2026 dated January 30, 2026.
The letter was signed by Rajesh Ghanshyam Gaur, Company Secretary & Compliance Officer (Membership No. A34629), on behalf of Waaree Energies Limited.