Bajaj Housing Finance Limited has announced the approval of a significant stock option grant under the BHFL ESOP 2024 scheme. On April 27, 2026, the Compensation Committee authorized the issuance of 1,39,31,109 stock options to eligible employees. Each option provides the right to acquire one equity share of the company, with a face value of Rs. 10, incentivizing workforce growth and alignment with company performance.
Stock Option Details
In a strategic move to reward and retain talent, the Compensation Committee of Bajaj Housing Finance Limited has approved the grant of 1,39,31,109 stock options. Each individual option is convertible into one equity share of the company, having a face value of Rs. 10. This initiative is structured under the BHFL ESOP 2024 scheme, ensuring that the issuance remains in compliance with established share-based benefit regulations.
Pricing and Vesting Framework
The exercise price for these options is determined by the latest available closing price on the stock exchange prior to the grant date. In instances where the company’s shares are listed on multiple exchanges, the price is derived from the exchange recording the highest trading volume on that specific date.
The vesting schedule is set between a minimum of one year and a maximum of five years from the date of the grant. Following the vesting period, employees are granted a window of five years to exercise their options.
Key Terms of the Scheme
The BHFL ESOP 2024 program is managed through an ESOP Trust under the guidance of the Compensation Committee. Notably, there is no lock-in period for equity shares obtained through the exercise of these options. Furthermore, all new shares issued under this scheme will rank pari-passu with existing equity shares from the date of their allotment, ensuring equality in shareholder rights.
Source: BSE
