Greaves Cotton has announced that its Nomination and Remuneration Committee has approved the grant of 3,39,229 stock options to eligible employees. Under the newly implemented ESOP 2024, these options come with an exercise price of Rs. 2 per option. The grant is designed to incentivize employees, with a vesting structure that allows for the exercise of options over a period of up to 8 years from the date of vesting.
Incentivizing Talent Through ESOP 2024
On May 5, 2026, the board of Greaves Cotton confirmed the approval of a fresh grant of 3,39,229 stock options. This initiative, managed under the ESOP 2024 program, reflects the company’s commitment to aligning employee interests with long-term organizational growth and shareholder value.
Key Details of the Option Grant
The grant provides eligible employees the right to purchase shares at a fixed exercise price of Rs. 2 per option. This structured approach aims to retain key talent by offering a long-term participation mechanism in the company’s performance. The scheme features a flexible exercise window, permitting beneficiaries to exercise their vested options for up to 8 years following the vesting date, providing ample time for employees to realize the value of their holdings.
Source: BSE
