Pearl Global Industries Limited has approved the grant of 23,000 employee stock options under its ESOP 2022 plan. These options are exercisable by eligible employees of the company and its subsidiaries. The grant’s effective date is November 05, 2026, with options vesting and becoming exercisable over a period of 4 years. The exercise price varies, with some options at Rs. 150 and others at Rs. 375 per share.
Employee Stock Option Grant Approved
Pearl Global Industries Limited announced today, November 05, 2026, that its Nomination and Remuneration Committee has approved the grant of 23,000 stock options. These options are being issued under the company’s Employee Stock Option Plan 2022 (ESOP 2022).
Details of the Grant
The 23,000 stock options are designated for eligible employees of Pearl Global Industries Limited and its subsidiary companies. The effective grant date for these options is November 05, 2026. Each option, once vested and exercised, will convert into one equity share of the company with a face value of Rs. 5.
Exercise Price and Vesting
The exercise price for these options has been determined based on the market price, adhering to the Plan’s guidelines. Specifically, 14,500 options will have an exercise price of Rs. 150 per option, while the remaining 8,500 options will have an exercise price of Rs. 375 per option. The exercise price will not be less than the par value of the equity shares.
All granted options are subject to a vesting schedule approved by the Nomination and Remuneration Committee. Upon vesting, the options become exercisable by the employee. The exercise period for all vested options is 4 years from the grant date, during which employees can exercise their options in one or more tranches.
Impact on Shares
The exercise of all granted options, assuming they are vested and exercised, will result in the issuance of 23,000 equity shares of face value Rs. 5 each. The terms of the grant are in compliance with the applicable SEBI regulations.
Source: BSE
