Welspun Enterprises announced that its Board of Directors has approved the grant of 6,00,000 (Six Lakh) Stock Options (ESOPs) to eligible employees. This decision followed the recommendation of the Nomination & Remuneration Committee on March 21, 2026. The options are granted under the 2022 ESOP Scheme, with an exercise price set at Rs. 462/- per Option. Vesting is structured over four years, with 25% vesting annually.
Grant of Employee Stock Options Approved
Welspun Enterprises Limited formally disclosed the approval for the grant of employee stock options. This action was taken by the Board of Directors on March 23, 2026, based on the recommendation made during the Nomination & Remuneration Committee meeting held on March 21, 2026.
A total of 6,00,000 (Six Lakh) Stock Options have been approved for grant to eligible employee(s) under the Welspun Enterprises Employee Benefit Scheme – 2022 (“ESOP Scheme”). These options cover 6,00,000 equity shares, each having a face value of Rs. 10/-.
Key Financial Terms of the Grant
The critical details regarding the grant terms are outlined below:
- Exercise Price: The Exercise Price is fixed at Rs. 462/- per Option.
- Vesting Schedule: The options will vest progressively, with 25% of the Options granted vesting each year over a total period of 4 years, commencing from the first anniversary of the Grant date.
- Exercise Period: Once vested, the options must be exercised within a 1 (One) year period from the date of the last vesting.
- Scheme Compliance: The scheme is confirmed to be in terms of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
The company confirmed that this intimation, detailing the grant of ESOPs, is also being hosted on the company’s official website.
Source: BSE
