Sterlite Technologies Limited has announced the grant of 32,151 stock options to eligible employees under the Company’s Employees Stock Option Scheme 2016. Approved during the Nomination and Remuneration Committee meeting held on April 28, 2026, these options come with an exercise price of Rs. 2 per share. The grant follows the company’s ongoing commitment to incentivizing its workforce and aligning employee interests with long-term organizational growth.
Stock Option Grant Details
In a strategic move to reward and retain talent, the Nomination and Remuneration Committee of the Board approved the issuance of 32,151 stock options on April 28, 2026. These options represent an equal number of fully paid-up equity shares in the company, allowing eligible employees to participate in the company’s future value creation at an exercise price of Rs. 2 per option.
Vesting and Exercise Terms
The granted stock options are subject to a structured vesting schedule designed to foster long-term commitment. These options will vest over a period of 3 years. Once vested, employees have a window of 5 years to exercise their options and convert them into fully paid-up equity shares of the company. This structure ensures that employees remain invested in the company’s performance and long-term success.
Source: BSE
