Blue Star Limited has approved the grant of 6,520 stock options to an eligible employee under its Employees Stock Option Scheme 2024 (‘ESOP 2024’). The options carry an exercise price of Rs 2 per option and will vest in four instalments over 48 months, subject to performance criteria. The vested options can be exercised within 7 years from the grant date.
Stock Option Grant Approved
Blue Star Limited announced today, November 3, 2026, that its Nomination and Remuneration Committee (‘NRC’) has approved the grant of stock options under the Blue Star Employees Stock Option Scheme 2024 (‘ESOP 2024’). This initiative is designed to incentivize and retain eligible employees.
Key Details of the Grant
- Date of Approval: November 3, 2026 (‘Grant Date’)
- Number of Stock Options Granted: 6,520 Stock Options, each representing one equity share of face value Rs 2.
- Equity Shares Covered: A total of 6,520 equity shares of Rs 2 each.
- Exercise Price: Rs 2 per Stock Option.
- Vesting Period: The stock options will vest in four equal instalments (25% each) on the expiry of 12, 24, 36, and 48 months from the Grant Date, contingent upon the achievement of performance criteria outlined in the grant letter.
- Exercise Period: Employees can exercise their vested stock options anytime within a period of 7 years from the Grant Date.
The grants have been made in accordance with the terms and conditions stipulated in the ESOP 2024 scheme.
Source: BSE
