Havells India has announced the completion of the exercise of its Employee Stock Purchase Schemes (ESPS) for the financial year 2024-25. Eligible employees exercised their options for a total of 48,947 shares under the ESPS 2022 and 1,474 shares under the ESPS 2016. The shares were vested to eligible employees and subsequently transferred from the Havells Employees Welfare Trust.
ESPS Exercise Details
Havells India has completed the exercise of options by eligible employees under its Employee Stock Purchase Scheme 2022 (ESPS 2022) and Employee Stock Purchase Scheme 2016 (ESPS 2016) on October 13, 2025. The shares were vested as per the company’s prior intimation dated September 25, 2025.
Shares Allotted
A total of 48,947 shares of Re. 1/- each were allotted under the Havells Employees Stock Purchase Scheme 2022. Additionally, 1,474 shares of Re. 1/- each were allotted under the Havells Employees Stock Purchase Scheme 2016.
Key Scheme Information
The grant price was set at Rs. 1638.50/-. Vested options could be exercised within 30 days. The shares were allotted from the Havells Employees Welfare Trust to eligible employees, per the terms of the respective ESPS schemes.
Source: BSE
