V-Guard Industries has announced the approval of 72,655 stock options for eligible employees under its ESOS 2013 scheme. Approved by the Nomination and Remuneration Committee on May 11, 2026, this initiative aligns with the company’s commitment to incentivizing talent. These options carry an exercise price of ₹1 per option and will vest over a period of up to four years, contingent upon continued service and the achievement of specific performance criteria.
Grant Details and Allocation
The Nomination and Remuneration Committee of V-Guard Industries has authorized the grant of 72,655 stock options to its eligible workforce. Each option grants the holder the right to acquire an equivalent number of equity shares of the company, with each share carrying a face value of ₹1. The exercise price for these options is set at ₹1 per option, providing a clear path for employees to hold a stake in the company’s future growth.
Vesting and Exercise Terms
The vesting process for these options is structured to balance time and performance-based milestones. The options will vest over a period of up to four years from the date of the grant. Specifically, time-based options are designed to vest equally over the four-year tenure, while performance-based options will vest in the final year, subject to the successful attainment of pre-defined performance benchmarks.
Once vested, employees are eligible to exercise their options within a window of six years. Participation in this scheme remains strictly tied to the employee’s continued service with the company, ensuring alignment between individual performance and organizational goals.
Administration and Governance
The ESOS 2013 scheme is administered under the oversight of the Nomination and Remuneration Committee. The committee maintains the authority to manage adjustments regarding lapsed or cancelled options, ensuring that the scheme remains robust and responsive to personnel changes or un-exercisable grants. The pricing mechanism for these options is determined by the committee, ensuring that the exercise price remains equitable and consistent with the company’s long-term incentive strategy.
Source: BSE
