Jubilant Ingrevia Limited has approved the grant of 3,037 Restricted Stock Units (RSUs) to eligible employees under its Employees Stock Option Scheme 2021. The decision was made by the Board of Directors on October 27, 2026. These RSUs will vest at the end of the third year and be exercisable within one year of vesting, based on employee tenure and rating.
Employee Stock Option Scheme Approval
Jubilant Ingrevia Limited announced today that its Board of Directors has approved the grant of 3,037 Restricted Stock Units (RSUs) to its eligible employees. This significant decision was finalized during the Board meeting held on Tuesday, October 27, 2026.
Scheme Details and Vesting
The RSUs are being granted under the umbrella of the Jubilant Ingrevia Employees Stock Option Scheme 2021. These units represent 3,037 Equity Shares of the company, each with a face value of Re. 1/-. The exercise price for these options is set at Re. 1/- per equity share. According to the vesting schedule, the RSUs will become fully vested at the end of the third year from the grant date.
Exercising Options
Following the vesting period, employees will have the opportunity to exercise their options within a window of one year. The grant of these RSUs is contingent upon employee tenure and their performance rating, ensuring alignment with company objectives and rewarding sustained contribution.
Source: BSE
