Waaree Energies Limited has announced that its Nomination and Remuneration Committee has approved the grant of 3,07,000 stock options to eligible employees. These options are part of the company’s Waaree Employee Stock Option Plan 2021. The grant aims to incentivize and retain key personnel. The exercise price for these options has been set at ₹10 per option.
Employee Stock Option Plan Update
Waaree Energies Limited has officially announced a significant development regarding its employee incentive program. The Nomination and Remuneration Committee of the Board of Directors has approved the grant of 3,07,000 stock options. These options are being issued to eligible employees under the company’s established Waaree Employee Stock Option Plan 2021, also referred to as “ESOP 2021” or the “Plan”. This initiative is designed to align employee interests with the company’s long-term growth and success.
Details of the Grant
Each of these options represents one equity share of the company. The exercise price for each stock option has been determined to be ₹10 (Rupees Ten only). The total number of equity shares covered by these options amounts to 3,07,000 Equity Shares, each with a face value of ₹10.
Vesting and Exercisability
The stock options are subject to a defined vesting schedule over a period of six years. Specifically, 15% of the granted options will vest at the end of the first, second, third, and fourth years from the grant date. Subsequently, 20% of the options will vest at the end of the fifth year, and another 20% at the end of the sixth year. All vested options will be exercisable within a period of four years from the date of their respective vesting.
The disclosure was made on October 31, 2026, in compliance with regulatory requirements.
Source: BSE
