APAR Industries has approved the grant of 21,399 Employee Stock Appreciation Rights (ESARs) to eligible employees under the “APAR Industries Limited – Employees Stock Appreciation Rights Plan 2024”. The decision was made during a meeting held on January 29, 2026. The ESARs will be governed by the terms and conditions of the plan.
ESAR Grant Approval
APAR Industries has officially announced the grant of 21,399 Employee Stock Appreciation Rights (ESARs) to its eligible employees. The decision aligns with the company’s established stock appreciation rights plan. The approval was formalized during a meeting of the Nomination and Compensation-cum-Remuneration Committee (“NCRC”) held on January 29, 2026.
Key Details of the ESARs
The approved ESARs fall under the “APAR Industries Limited – Employees Stock Appreciation Rights Plan 2024”. Each ESAR, upon exercise, entitles the holder to one equity share (or less) of the company at a face value of ₹10. The ESAR price determined by the NCRC is ₹7,411.50.
Vesting and Exercise
The vesting period for the granted ESARs is a maximum of 4 years from the grant date. Once vested, the ESARs can be exercised within a maximum period of 8 years from the vesting date. The terms of the plan cover various scenarios, including death, incapacity, resignation, and retirement of the employees.
Source: BSE
