Embassy Developments Limited announced that its Nomination and Remuneration Committee approved the grant of 9,15,265 Stock Options (SOs) and 7,25,301 Performance Stock Units (PSUs) to eligible employees under the 2025 Employee Stock Option Scheme. Simultaneously, the committee noted the lapse of 2,84,924 SOs and 37,52,477 PSUs. The terms detail vesting schedules, exercise windows, and grant pricing for the newly issued instruments.
Approval of New Stock Grants and Noted Lapses
On February 9, 2026, Embassy Developments Limited informed the exchanges regarding key actions taken concerning its Employee Stock Option Scheme – 2025. The Nomination and Remuneration Committee (NRC) took formal note of the lapse of an aggregate of 2,84,924 Stock Options (SOs) and 37,52,477 Performance Stock Units (PSUs). These lapsed instruments have been subsequently added back to the total pool available under the scheme.
Furthermore, the NRC approved the fresh grant of new instruments to eligible employees, totaling 9,15,265 SOs and 7,25,301 PSUs, in accordance with the approved 2025 ESOS.
Key Terms of the Grants (Embassy ESOS 2025)
Share Coverage and Conversion
Each SO is convertible into one equity share of face value INR 2. Conversely, each PSU is convertible into equity shares based on the achievement of pre-determined performance parameters outlined in the scheme.
Pricing Details
The pricing for the newly granted instruments is set as follows:
- For SOs: INR 111.51 per SO.
- For PSUs: INR 2 per PSU (equal to the face value of the equity shares).
Vesting and Exercise Schedule
The significant terms dictate the timeframes for vesting and exercise:
Stock Options (SOs) Vesting
SOs granted feature a vesting period of 4 years, vesting uniformly across this period in four equal tranches of 25% at the end of each year from the Grant date.
Performance Stock Units (PSUs) Vesting
PSUs vest upon meeting the specified milestone, which is set to occur anytime between year 3 and year 4. The exact percentage vesting and the number of resultant equity shares depend directly on the percentage achievement against the target metrics.
Exercise Window
Once vested, both vested SOs and PSUs can be exercised within a period of 5 years from their respective vesting date, or within 7 years from the original Grant Date, whichever occurs earlier.
Compliance Status
It is confirmed that the ESOS 2025 scheme, under which these grants were made, is fully compliant with prevailing regulations and has received necessary in-principle approvals from both the National Stock Exchange (NSE) and BSE Limited (BSE).
Source: BSE
