Grasim Industries Limited has announced the grant of 2,88,625 stock options to its eligible employees. This comprises 2,12,149 Employees Stock Options (ESOPs) and 76,476 Performance Stock Units (PSUs). The grants are made under the Grasim Industries Limited-Employee Stock Option and Performance Stock Unit Scheme 2022, implemented via the Grasim Employees’ Welfare Trust. Vesting and exercise conditions are detailed, with ESOPs vesting over three years and PSUs vesting at the end of three years.
Stock Option Grant Details
Grasim Industries Limited, through its Nomination and Remuneration Committee, has granted a total of 2,88,625 stock options to its eligible employees. This grant is part of the “Grasim Industries Limited-Employee Stock Option and Performance Stock Unit Scheme 2022,” administered by the Grasim Employees’ Welfare Trust. The total grant comprises 2,12,149 Employees Stock Options (ESOPs) and 76,476 Performance Stock Units (PSUs).
Vesting and Exercise Conditions
The vesting of these options and units is subject to performance conditions. For ESOPs, vesting occurs over a period of three years, with the first vesting on the completion of one year from the grant date. PSUs will vest entirely at the end of three years from the grant date. All granted stock options must be exercised within 5 years from their respective vesting dates.
Exercise Price Information
The exercise price for ESOPs is set at ₹3322.20 per Option. This price is determined based on the “Market Price” on August 11, 2026, in compliance with SEBI regulations. For PSUs, the exercise price is nominal at ₹2/- per PSU.
Source: BSE
