Bajaj Electricals Limited has announced the approval of 88,222 stock options under its ‘Performance Stock Option Plan 2023’ (PSOP Plan 2023). These options have been granted to 7 eligible employees. The decision was made by the Nomination and Remuneration Committee of the Board of Directors on October 28, 2026. This move aligns with the company’s employee incentive strategies and is in compliance with relevant SEBI regulations.
Employee Stock Option Grant Approved
Bajaj Electricals Limited has officially approved the grant of 88,222 stock options to its employees. This action falls under the company’s established ‘Bajaj Electricals Limited – Performance Stock Option Plan 2023’, referred to as the ‘PSOP Plan 2023’. The approval was given by the Nomination and Remuneration Committee of the Board of Directors during their meeting held on October 28, 2026.
Key Details of the Grant
A total of 7 eligible employees will receive these stock options. The grant is in full compliance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The PSOP Plan 2023 itself is structured to comply with these regulations.
Option Details
- Total Options Granted: 88,222
- Eligible Employees: 7
- Plan Name: Performance Stock Option Plan 2023 (PSOP Plan 2023)
- Exercise Price: Equal to the face value of the equity share, which is Rs. 2/- per equity share.
- Vesting and Exercise: Options are subject to terms and conditions as specified in the PSOP Plan 2023. The exercise period is typically two years from the date of respective vesting.
The company emphasized that this disclosure is being made as a measure towards adopting good corporate governance practices. While not triggering a threshold of materiality on its own, the information is being shared for transparency.
Source: BSE
