Angel One Limited has approved the grant of 19,671 Restrictive Stock Units (RSUs) to three eligible employees under its Angel Broking Employee Long Term Incentive Plan 2021. These RSUs are convertible into an equal number of equity shares of face value Re. 1 each. The effective grant date is November 3, 2026, and the RSUs will vest over a period of 4 years. The exercise price for these options is Re. 1.
Employee Long Term Incentive Plan Update
Angel One Limited announced that its Nomination and Remuneration Committee has approved grants under the Angel Broking Employee Long Term Incentive Plan 2021. The company will issue 19,671 Restrictive Stock Units (RSUs) to three eligible employees. These RSUs carry the potential to be converted into an equivalent number of equity shares, each with a face value of Re. 1.
Grant Details and Vesting Schedule
The effective grant date for these RSUs is set for November 3, 2026. The scheme adopted by the Company adheres to the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The total number of shares covered by these grants amounts to 19,671. The exercise price for these options is a nominal Re. 1.
A significant detail of this grant is the vesting schedule; the RSUs will vest over a period of 4 years. The exercise period for these options will commence from the date of vesting and will expire 10 years from the respective grant date, or as otherwise decided by the NRC. This initiative aims to incentivize and retain key talent within the organization.
Source: BSE
