Pearl Global Industries Limited has announced the approval of the grant of 1,24,000 employee stock options under its Employee Stock Option Plan 2022. The effective grant date is August 05, 2026. The exercise price varies, with 1,12,000 options at ₹400 and 12,000 options at ₹975 per option. These options are exercisable over a period of four years from vesting.
Employee Stock Option Grant Approved
Pearl Global Industries Limited, through its Nomination and Remuneration Committee, has approved the grant of 1,24,000 stock options to its employees. This initiative falls under the company’s ‘Pearl Global Industries Limited Employee Stock Option Plan 2022’. The effective date for this grant is August 05, 2026.
Key Grant Details
These options represent the potential to acquire 1,24,000 Equity Shares, each with a face value of ₹5. The exercise price for these options has been determined based on the market price, with specific rates set for different tranches of options. Specifically, 1,12,000 options will have an exercise price of ₹400 per option, while the remaining 12,000 options will be priced at ₹975 per option. The exercise price is stipulated to be not less than the par value of the company’s equity shares.
Vesting and Exercise Period
The granted options are subject to a vesting schedule approved by the committee. Upon vesting, all options will be exercisable over an Exercise period of 4 (Four) years. The plan is administered by the Nomination and Remuneration Committee, ensuring alignment with the company’s strategic goals and employee incentives.
Source: BSE
